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Global renewable energy investment hits record $329 billion in 2015
Clean energy investment worldwide attained a record of $329.3 billion in 2015 since investors shrugged off decreasing fossil fuel prices and currency fluctuations and installed the highest ever amount of green power capacity, as shown in a research on Thursday.
read more... 15/01/2016
Daily: Oil prices trade below psychological threshold of $30 a barrel for first time since 12 years
Crude oil prices lost 3 % on Tuesday, posting a seventh straight daily decline for oil. Oil prices shed briefly below $30-per-barrel level, which is both a psychological and financial threshold and prolonging a selloff that has trimmed prices by almost 20% this year. Benchmark Brent crude slipped 69 cents to settle at $30.86, after bottoming at $30.34. U.S. WTI dropped 97 cents to close at $30.44 a barrel, a 3.1% loss, after hitting a low of $29.93, which was last recorded in December 2003. The decline was prompted by intensifying concerns about sluggish demand in China and the lack of output restraint.
read more... 13/01/2016
European Energy Exchange EEX recorded impressive results in power, gas futures in 2015
The European Energy Exchange (EEX) enjoyed a fruitful 2015 year, with trading volumes of electricity and gas forwards recording a hike of 62% and 110 respectively.
read more... 12/01/2016
Daily: Oil prices down for a fifth consecutive day, posting 10% decline on the week
Crude oil prices plunged for a fifth consecutive day on Friday, down 10% on the week, and Goldman Sachs argued more losses were needed to oblige producers to slash supplies enough to balance the oversupply and pessimistic outlook in the market. Brent eased 20 cents to settle at $33.55 a barrel. It attained a session low of $32.78, after decreasing on Thursday to $32.16, the weakest level since April 2004. For the week, Brent shed 10 percent, just behind the 11 percent decline in the opening week of 2015, which was a record loss for oil in the first full trading week of any year. WTI closed 11 cents lower at $33.16. It dropped to $32.64 earlier in the day, after slipping to $32.10 on Thursday, its lowest level since December 2003.
read more... 11/01/2016
Daily: Global oil prices dropped to an 11-year low on China market chaos, storage overhang
Brent crude futures dropped to a new 11-year low on Thursday since a declining yuan and an emergency halt in China's stock trading left Asian markets in a havoc, while a significant supply overhang and near-record output levels also continued to drag on oil prices.
read more... 07/01/2016