Latest news
Daily: European spot power prices trade higher on weak German wind power output
Crude oil boosted on Wednesday backed by a considerable increase in U.S. gasoline stocks, encouraged by gains in the stock market and heavy spread trading. Brent crude for August delivery rose 40 cents to settle at $101.66 a barrel, while U.S. crude traded 18 cents up to settle at $95.50 a barrel. The Brent benchmark traded down 8.5 percent for the quarter, its third quarterly consecutive loss, having declined after Fed Chairman Ben Bernanke performed a roadmap last week to slow bond buying and on concerns about an economic slowdown in China.
read more... 27/06/2013
China ranks first among top renewables energy investment sites
China currently offers the greatest opportunities in the world for renewable energy investment, while India has the strongest potential for conventional power investors, according to a report released by analysts at PA Consulting - ‘Mapping Energy Investment Potential Around the World’.
read more... 26/06/2013
Daily: German year-ahead power contract hits an eight-year low
Brent crude futures traded below $101 a barrel on Monday, hit by a stronger dollar and worries about passive growth in demand for oil in the United States and China. Meanwhile, Brent crude dropped 25 cents at $100.66 a barrel by 02:41 GMT on Monday and U.S. oil slipped 9 cents to $93.60 a barrel.
read more... 25/06/2013
Daily: UK gas prices dropped to the lowest level since October 2012 on oversupply
Oil crude prices slipped for a second straight day in choppy trade on Friday, with Brent registering its highest two-day decline since September as the U.S. dollar rallied, raising traders’ concerns over slower oil demand in China and reduced investor demand in the Unites States.
read more... 24/06/2013
CNPC started construction of China's first shale gas pipeline
China National Petroleum Corp., the country's largest oil and gas producer and supplier, has announced it has started work on the country’s first pipeline for shale gas transportation in Sichuan Province.
read more... 20/06/2013