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Belgium, Finland deal with daily penalties for violating energy waste law
Belgium and Finland are confronting with daily penalties for violation of the European Union law related to the more efficient construction of buildings, as stated by EU regulators on Wednesday.
read more... 17/04/2014
Bilfinger declares will quit renewable energy group Desertec
Bilfinger is quitting the Desertec Industrial Initiative (DII), a German industrial conglomerate with a major goal to import solar and wind electricity from deserts, as stated on Sunday by a representative for the industrial services group.
read more... 15/04/2014
Centrica’s British Gas has to pay $9.4 million
Centrica's British Gas, the focus of an anti-trust examination next to Britain's other big energy companies, will pay approximately 5.6 million pounds ($9.4 million) to fix past errors which had stopped business clients from changing suppliers in the period between 2007 and 2012, as declared on Thursday by Energy watchdog Ofgem.
read more... 11/04/2014
EU new regulations on energy backing phase out subventions for renewable
New EU rules have been published on Wednesday making harder funding renewable energy. The latest regulations are intended to substitute subventions with market-based systems, only when the Ukraine crisis has intensified the necessity for other options to imported fossil fuel.
read more... 10/04/2014
Daily: WTI crude oil increases on sharp rise in gasoline demand
WTI crude oil boosted by more than $1 on Wednesday as gasoline demand rocketed in the U.S., pushed up by technical trading, while Brent crude registered a modest gain following strained relations between Russia and the West. The U.S. Energy Information Administration data, showing a sharp build in gasoline demand, drove up U.S. gasoline and crude oil prices above key technical level.
read more... 10/04/2014