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Daily: Crude oil rebounds almost 2% on optimistic U.S. economic data
Oil prices rebounded almost 2 percent on Wednesday as optimistic U.S. economic data spurred crude futures from two days of declines, although a gasoline oversupply and concerns about implications of Brexit suggested more pressure ahead. Brent crude rose by 84 cents, or 1.8 percent, to settle at $48.80 a barrel. U.S. crude futures increased 83 cents, or 1.8 percent, to close at $47.43.
read more... 07/07/2016
Germany to cap offshore wind power installations
German government envisaging capping the installation of offshore wind farms in the period between 2021 and 2025 to ensure the future growth of renewables keeps pace with the construction of new power lines.
read more... 06/07/2016
Daily: Brent up over 4% on first U.S. crude stockpiles drawdown since March
Crude oil prices increased on Wednesday, with Brent up more than 4 percent for a second consecutive day, after the U.S. government declared that crude stockpiles declines the first time since March, growing concerns over supply disruptions in Canada and Nigeria. Oil markets prolonged gains after the data release. Brent crude futures rose $2.08, or 4.6 percent, to settle at $47.60 per barrel. In the previous session it increased by 4.3 percent. U.S. crude's West Texas Intermediate futures boosted $1.57, or 3.5 percent, to close at $46.23.
read more... 12/05/2016
Latvia government envisages takeover of gas pipelines and underground storage
Latvia should take over its main gas pipelines and underground storage, 34 percent possessed by Russia's Gazprom, next year to guarantee a steady transition from a regulated to liberalised gas market, as stated by the economy minister.
read more... 25/04/2016
Norway to quit renewables subsidy program by 2021
Norway is set to end its renewable energy subsidy scheme to new entrants in 2020 and 2021, as it aims to spur competition in developing power lines to other countries the government declared on Friday.
read more... 18/04/2016