Latest news
China connects 20MW solar plant in coal mine subsidence region
Announced by the Energy Bureau of Anhui Province last Wednesday, China has installed the biggest floating PV plant atop a fishpond. The 20 MW array is sited at a coal mining subsidence district of Huainan City and was linked to grid last month. The array is phase one of a bigger 300 MW project.
read more... 13/04/2016
Daily: Crude oil prices rally on agreement between Russia and Saudi Arabia to stabilize the supply
Brent crude oil prices hiked to a four-month high and energy equities increased on Tuesday, bounced by reports of an agreement between two important producers to freeze output, driving U.S. equities higher. Russia and Saudi Arabia reached consensus about an oil output freeze ahead of a producers' meeting there on April 17. Brent crude boosted 3.3 percent to settle at $44.22 a barrel and WTI U.S. crude climbed 4.5 percent to close at $42.17.
read more... 13/04/2016
Daily: Brent crude hikes four-month high ahead of Doha producers meeting
Brent crude prices rallied to a four-month high on Monday, spurred by strong commodities markets ahead of Doha meeting on April 17 aimed at freezing current output levels. Brent crude futures, the global benchmark, rose 89 cents, or 2.12 percent to settle at $42.83 a barrel, after hitting the highest level since December 7 earlier in the day. U.S. crude futures boosted 64 cents, or 1.6 percent, to close at $40.36 a barrel.
read more... 12/04/2016
Allianz expects to double infrastructure investments in the following 2-3 years
German insurer Allianz is looking to double its investments in infrastructure and clean energy projects within the next two to three years since it wants to diversify on where it invests its 638 billion euros ($726 billion) of assets, the manager of Allianz Capital Partners (ACP) declared.
read more... 12/04/2016
India may invest $20bn in Iranian oil and petrochemicals projects to raise imports
India may invest as much as $20bn in oil, petrochemicals and fertiliser projects in Iran in order to import more crude to cover its demand.
read more... 12/04/2016