Crude oil prices traded lower on Friday, amid worries over global economic slowdown and thinner oil demand. WTI futures fell by 0.4% to $54.85 a barrel, while Brent crude edged 0.3% down at $60.22 a barrel, heading for the first weekly fall in three and five weeks respectively. Nevertheless, crude prices are expected to spike after a drone attack on two Saudi Aramco oil facilities on Saturday, which slashed by 50% Saudi Arabia’s oil output, or the equivalent of 5% in the global oil supply.
read more... 16/09/2019
Oil prices extended gains on Monday, after the new Saudi energy minister assured that his country will keep limiting oil production in order to help the oil market reach a better balance. As a result, WTI futures hiked by 2.4% to 57.85 USD/bbl, while Brent crude ended 1.7% higher at 62.59 USD/bbl.
read more... 10/09/2019
Iberdrola has submitted a plan for the approval of four new photovoltaic projects in Castilla-La Mancha in order to strengthen its investment in clean energy generation in Spain. The four new projects will have an installed capacity of 250MW.
read more... 09/09/2019
Five companies have expressed interest in Bulgaria’s invitation for strategic investment in the construction of Belene nuclear power plant on the Danube River near the Romanian border. According to national newspaper 24 Chasa, China National Nuclear Corporation, Framatome, General Electric, Korea Hydro and Nuclear Power and Rosatom have all applied for the selection process.
read more... 20/08/2019
Siemens Gamesa Renewable Energy SA has received a 453-MW wind turbine supply order in India from Saudi Arabia’s Alfanar.
read more... 14/08/2019