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Daily: European prompt power prices mixed with German spot up on lower wind output
Crude oil prices were mixed on Wednesday with European benchmark Brent ending up on continuing unrest in Yemen, while WTI crude closed down after the release of EIA ‘s report showing stockpiles have increased much more than expected last week. Brent crude rose 65 cents to settle at $62.73 a barrel after the White House declared the situation in Yemen remained precarious and more effort is needed to be done in the region. U.S. crude slipped 45 cents to close at $56.16 a barrel.
read more... 23/04/2015
Daily: European spot power prices diverge on weaker French nuclear, stronger German wind output
Crude oil futures boosted on Tuesday on evidence of declining oil production in North Dakota, depreciation of dollar and turmoil in the Middle East, especially in Yemen. Brent crude firmed by 50 cents to settle at $58.43 a barrel, ahead of Wednesday's May contract expiration, closing just above its $58.40 100-day moving average. WTI crude for May delivery climbed $1.38 to close at $53.29, soaring above its 100-day moving average of $52.96.
read more... 15/04/2015
Siem wins contract for €100 million Veja Mate lines
Siem Offshore Contractors has been awarded with a €100 million deal for turnkey supply and installation of the inter-array cabling system at the 400MW Veja Mate offshore wind farm in the German North Sea.
read more... 09/04/2015
Daily: European spot prices recover as German wind storms faded
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Vestas obtains 53 MW order in Finland
Danish wind turbine producer Vestas Wind Systems declared on Tuesday it had obtained a 53 megawatt turbine order for a wind project in Finland.
read more... 01/04/2015