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Daily: Crude oil settles down 2 percent as large U.S. inventories built compensates gasoline draw
Crude oil declined about 2 percent on Wednesday after the second-largest weekly draw in U.S. gasoline this summer was offset by an unseasonal increase in crude inventories. Brent crude futures fell 93 cents, or 2 percent, to settle at $44.05. U.S. West Texas Intermediate (WTI) crude futures eased $1.06, or 2.5 percent, to end at $41.71 per barrel.
read more... 11/08/2016
Iberdrola's Baltic wind farm prepared for electric substation
Spanish electric utility Iberdrola's substation in charge of regulating power generation at its offshore wind farm in the Baltic Sea is now complete, the firm made known on Monday.
read more... 10/08/2016
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
20 investors ink $207 million agreement for UK biomass facility
Copenhagen Infrastructure II, a fund under Copenhagen Infrastructure Partners (CIP), in conjunction with PensionDanmark and 18 other institutional investors united to purchase the Kent biomass-fired combined heat and power (CHP) plant project, PensionDanmark made known on Monday.
read more... 10/08/2016