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Portugal to end progressively the renewable power subsidies
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
Daily: British forward contracts firm as pound plunged to one-month low
Crude oil prices declined on Tuesday, dragged down by concerns about worldwide petroleum oversupply, offsetting forecasts for a weekly decline in U.S. crude stockpiles, weighing on energy shares and capping gains on Wall Street. Brent crude ended down 41 cents, or almost 1 percent, at $44.98 a barrel. U.S. West Texas Intermediate crude lost 25 cents, or 0.6 percent, to close at $42.77.
read more... 10/08/2016
Spanish Iberdrola gets a loan of €200 million from EIB
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
Daily: European prompt power prices gain ground on declining wind output, lower thermal availability
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
Daily: European spot electricity prices decrease sharply on firmer wind production
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