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Spain gets the EC green light to provide €2.13bn aid for the closure of uncompetitive coal mines
Spain received the green light from the European Commission (EC) to provide €2.13 billion (£1.62bn) in public funds to close 26 uncompetitive coal mines in the country.
read more... 02/06/2016
Daily: European power prices increased due to low temperatures
Oil prices have seen yesterday a slight decrease due to a stronger dollar, while crude futures registered a fourth straight monthly gain on the investors thought that the global surplus insignificantly reduced. Brent crude futures for July was down 7 cents settling at $49.69 a barrel, meanwhile U.S. crude futures dropped by 23 cents, attaining $49.10 a barrel.
read more... 01/06/2016
Daily: European spot electricity prices ease on robust renewable production in Germany and France
Crude oil prices declined for a second consecutive day on Friday as some investors took profit on a hike to seven-month highs while others concerned about robust production with market hovering close to $50 a barrel. Brent crude eased 27 cents, or 0.5 percent, to settle at $49.32 a barrel. It climbed to $50.51 in the previous session, its highest level since early November. U.S. crude shed 15 cents, or 0.3 percent, to close at $49.33. It reached an October high of $50.21 on Thursday. On the week, Brent posted a 1 percent increase and U.S. crude about 3 percent, spurred by gains from earlier this week.
read more... 30/05/2016
EU might turn into global climate leader
The EU can turn its climate leadership into a global competitive advantage by putting innovation at the center of its energy policy, as stated in a report by the Industrial Innovation for Competitiveness (i24c), which declared the Energy Union can make certain Europe is the world leader in the shift to a low carbon economy.
read more... 30/05/2016
Daily: European spot power prices fell on holiday, forwards gain support from higher fuel prices
Crude oil prices boosted about 2 percent on Wednesday after the U.S. government unveiled a bigger-than-expected fall in crude stockpiles, but profit-taking after the data release kept prices below the $50 a barrel level. Brent crude rose by $1.13, or 2.3 percent, to settle at $49.74 a barrel. Prices jumped as high as $49.96 in post-settlement trading. U.S. crude's West Texas Intermediate (WTI) increased 94 cents to settle at $49.56, after hitting a seven-month high at $49.62.
read more... 26/05/2016