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China's fuel oil consumption to grow 9% to 30 million mt in 2019: analyst
China's apparent consumption of fuel oil, excluding consumption for bonded bunker fuel, is expected to grow to 30 million mt in 2019, up 9% from 27.5 million mt expected in 2018, Shandong Longzhong Information Technology's fuel oil product analyst Tian Qiujin said this week.
read more... 21/12/2018
Renewable power share in Germany rises to record level in 2018
Renewable energy sources are set to contribute about 38 percent to Germany’s gross power consumption in 2018, a two-point increase over the previous year and a new record for the country’s energy transition, the Energiewende, the German Association of Energy and Water Industries (BDEW) said in a press release.
read more... 17/12/2018
Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply
Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.
read more... 14/11/2018
EU approves €200m French state aid for renewable energy
The European Commission has approved a €200 million (£176m) scheme that supports electricity production from renewable energy sources for self-consumption in France.
read more... 23/10/2018
Romania has the lowest energy consumption in the EU
Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants.
read more... 16/10/2018