Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 24/07/2013
China becomes the first country in the world to hit the 3 GW solar power target. The Asian nation has built 40 new solar plants with over 1 GW of production capacity since December last year. China runs on a large 132-utility scale solar plants which places them closer to their goal of producing 15 GW by 2015.
read more... 23/07/2013
The Chinese government announced last week that is planning to introduce provisional anti-dumping tariffs against solar–grade polysilicon imports from the United States and South Korea.
read more... 22/07/2013
In Italy the wind capacity installed has registered a great success due to government incentives offered to the sector, achieving the record value of 8,144 MW in 2012, and positioning itself 6th below countries as China, US, Germany, Spain and India. According to the TSO, total wind capacity could reach 9,600 MW by the end of this year.
read more... 18/07/2013