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Renewables beat burning coal in the British power mix
UK generated more of its electricity from renewable sources than from burning coal for the first time in the second quarter of 2015, due to a record high from wind and solar plants.
read more... 30/09/2015
Daily: German forward power prices rebound after new-term lows
Crude oil prices boosted by about 2% on Tuesday, but then reduced gains in the post-settlement trade after the American Petroleum Institute (API) reported an unexpected large weekly increase in U.S. crude stockpiles. Front-month WTI closed Tuesday's trade at $45.23 a barrel, up 80 cents, or 1.8 percent on the day. In post-settlement trade, it shed to $44.82. The front-month Brent contract settled up 89 cents, or 1.9 percent, at $48.23. It hit $47.97 after the API figures.
read more... 30/09/2015
Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
France will increase contribution to climate change funding to 5 billion euros
France will raise its contribution to aiding developing countries tackle climate change from 3 billion euros to five billion euros, as stated by President Francois Hollande on Monday.
read more... 29/09/2015
Daily: Crude oil prices down 3% amid tumbling equities on Wall Street
Crude oil prices lost nearly by 3 percent on Monday, dragged down by declining equities on Wall Street and pessimistic economic data, even if an expected drawdown in crude inventories at the main U.S. storage hub was likely to curb losses. WTI crude fell 2.8 percent to settle at $44.43 a barrel. Brent crude futures shed $1.18, or 2.5 percent to close $48 a barrel.
read more... 29/09/2015