The European Commission (EC) has allotted €29.9 million for the construction of a new 140 kilometer-long power line between Dobrudja and Burgas in Bulgaria, a mentioned in a declaration from the EC on Wednesday.
read more... 11/08/2016
Portugal is planning to start phasing out subsidies for renewable energy power, as Lisbon is facing some highest electricity prices in Europe that are impeding efforts to strengthen its struggling economy.
read more... 10/08/2016
Spanish electric utility Iberdrola will obtain a €200 million loan from the European Investment Bank (EIB) to use towards renewable energy investments, the company made known on Wednesday.
read more... 05/08/2016
Crude oil prices rebounded about 3 percent on Thursday, with U.S. crude increasing above the $40 per barrel mark on short covering and after a slight inventory decline at the delivery hub for U.S. crude futures. Brent crude boosted $1.19, or 2.8 percent, to settle at $44.29 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.10, or 2.7 percent, to close at $41.93 per barrel.
read more... 05/08/2016
U.S. crude oil tumbled on Tuesday to settle below $40 a barrel for the first time since April as continuing concerns of crude and refined fuel oversupply and a decrease in U.S. equities counterbalanced an early boost from a weak dollar. U.S. West Texas Intermediate (WTI) crude ended down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91. Brent crude lost 34 cents, or 0.8 percent, to close at $41.80, after attaining a session high at $43.18.
read more... 03/08/2016