Latest news
China expected to add over 1 GW of solar capacity
China is expected to add over 1 GW of solar capacity, as the development of two massive projects gets underway.
read more... 06/08/2015
Daily: Crude oil recovers from multi-month low on stock market growth in China
Crude oil prices rebounded from multi-month low on Tuesday, spurred by a stock market jump in China, but robust supply and a pessimistic demand outlook slashed the crude’s hike. Brent crude rose by 47 cents, or 1 percent, to settle at $49.99 a barrel. It hit a six-month low on Monday, coming within cents of its 2015 low of $49.19. WTI crude increased 57 cents, or 1.3 percent, to close at $45.74. It plummeted to a four-month bottom of $45.17 the previous session, about $3 from the year low.
read more... 05/08/2015
Daily: European power forward prices plunge to two-month lows due to low fuel prices
Crude oil prices declined 5 percent on Monday to hit their weakest level since January, dragging down global benchmark Brent below $50 a barrel as weak factory activity in China dipped a commodity-wide rout. Brent crude closed down $2.69, or 5.2 percent, to touch $49.52 a barrel. U.S. crude dropped $1.95, or 4.1 percent, to hit $45.17, just about $3 above its 2015 bottom.
read more... 04/08/2015
Daily: WTI crude oil registers the largest decline since 2008
WTI crude registered its largest monthly decline since 2008 financial collapse on Friday after a series of losses in July caused by China’s inventories market slump and on evidence that main Middle East producers were pumping crude at record levels. U.S. crude dropped $1.40, or almost 3 percent, to settle at $47.32 a barrel. It eased more than 2 percent on the week. Brent crude decreased by $1.10, or 2 percent, to close at $52.21 a barrel. It lost 5 percent on the week and 18 percent on the month.
read more... 03/08/2015
Russia hopes to settle on new gas route to China in September
Russia hopes to ink a deal on natural gas supplies to China from western Siberian fields, besides the previously settled supplies from an eastern route, during President Vladimir Putin's visit to China in September, Russian Energy Minister Alexander Novak declared on Tuesday.
read more... 29/07/2015