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Daily energy Overview, Friday, July 01, 2011
U.S. crude futures increased on Thursday, but closed the month down 7 percent and the quarter down by more than 10 percent registering the lowest level of the quarter since the fourth quarter of 2008. U.S. crude for August delivery rose for a third day and traded at 95.42 dollars a barrel, lifting 65 cents after a trading range from 93.88 to 95.82 dollars.
read more... 01/07/2011
Rapid fall in PV module prices will drive strong demand
A rapid fall in PV modules prices will be a primordial factor in demand recovery in the second half of the year; this is after a sharp drop in early 2011 because of new amendments in the incentivable systems across Europe. However, a fast growth in the first half of the 2011 placed the market in a good environment as to appoint a strong demand recovery in the second half of the year.
read more... 30/06/2011
Daily energy Overview, Thursday, June 30, 2011
U.S. and Brent crude oil futures increased on Wednesday, on data indicating a sharp weekly drop in crude stockpiles and as the dollar index stayed weak following the approval of an austerity plan by the Greek parliament. U.S. crude for August delivery settled at 94.77 dollars a barrel, up 1.88 dollars, after a trading range between 92.66 and 95.84 dollars. ICE Brent crude for August delivery increased to 112.40 dollars a barrel, after trading from 108.78 to 112.40 dollars.
read more... 30/06/2011
Three partners to invest €1 billion in Dunkirk LNG Terminal
The French energy giant EDF has announced that, alongside two partners-the French major Total and Fluxys of Belgium it has decided to invest in a €1billion ($1.44billion) project to develop a new liquefied natural gas (LNG) terminal in northern France, at Dunkirk.
read more... 30/06/2011
Russia cuts off electricity supply to Belarus in the wave of its financial crisis
Russia's electricity export monopoly Inter RAO cut off electricity supply to Belarus at midnight on Wednesday, following a debt of 1.2-billion ruble ($43 million) accumulated for electricity supplied in March, April and May.
read more... 30/06/2011