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Daily: European spot power prices evolve differently, while forwards near record lows
Crude oil prices settled lower with Brent declining more than 1% on Tuesday after collapsing near seven-year lows on worries those global oil producers will pump even more crude in an already oversupplied market. Brent decreased 47 cents to close at $40.26 per barrel, after a session low at $39.81. WTI eased 14 cents to close at $37.51, after tumbling to $36.64 earlier.
read more... 09/12/2015
EU makes an investment of €1 million in hydraulic turbines
An investment estimated at €1 million (£0.70m) has been made to expand the development of hydraulic turbines.
read more... 08/12/2015
The United States of.. Gas & Oil are 73% cheaper than EU
We've been talking about it for months, crude oil is not performing as every oil tycoon and trader would wish to and if we take into analysis the average value year on year, the Brent is about to close 2015 with a strong decline of about 44.8% compared to 2014, average price as of today is about 54.8 $/bbl , touching lows not familiar even during early post 2008-2009 financial crisis. The average price in 2009 was 62.69 $/bbl.
read more... 08/12/2015
European Commission agreed to extend the Chinese solar PV duties
The European Commission agreed to requests from local solar panel manufacturers to extend curbs on Chinese imports by a year. The restrictions set a minimum sale price and cap the number of Chinese-made solar panels exported in the European Union.
read more... 07/12/2015
Eni and Anadarko cooperate on Mozambique gas projects
Italy's Eni and Anadarko Petroleum decided to begin development of neighboring Mozambique offshore gas fields since the East African country struggles to turn into a major global supplier of liquefied natural gas (LNG).
read more... 04/12/2015