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EU carbon market emissions declined by 3.7% in 2014
Emissions limited by Europe's carbon market dropped by 3.7 percent in 2014, incited by higher production from renewable electricity generators and lower power consumption, as stated by analysts at Thomson Reuters Point Carbon on Wednesday.
read more... 19/03/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
Finland’s Fortum will sell Swedish electricity grid for $6.9 billion
Finnish utility Fortum has decided to sell its Swedish power distribution business to a conglomerate comprising Canada's Borealis for approximately 6.6 billion euros ($6.9 billion), finalizing its withdrawal from Nordic electricity grid assets.
read more... 16/03/2015
Hungary-Russia nuclear agreement hits EU objection
Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.
read more... 13/03/2015
Daily: European spot power prices mixed on stronger wind output in Germany, colder weather in France
Brent crude prices declined 2 percent on Monday, dragged down by European Central Bank bond-buying, while U.S. crude boosted 1 percent on a smaller-than-expected increase in stockpiles at the main oil hub at Cushing, Oklahoma, driving to a narrowing gap between the two benchmarks. Brent decreased $1.20, or 2 percent, to settle at $58.53 a barrel, while U.S. crude rose by 39 cents, or 0.8 percent, to close at $50.
read more... 10/03/2015