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Daily: Crude oil prices reverse early gains on IEA oversupply concerns
Crude oil prices reversed earlier gains and settled lower on Tuesday after the International Energy Agency (IEA) renewed fears that the market remains oversupplied. U.S. crude closed at $46.66 per barrel, down 0.93 percent, or 44 cents, slashing previous gains over a dollar on technical trades. Brent futures for November delivery settled at $49.24 per barrel, falling 1.24 percent, or 62 cents. Brent futures were above $50 in earlier trading.
read more... 14/10/2015
Solar power market growth in Europe down by 36% in 2014
The solar power market growth in Europe decelerated in 2014 with a total of 7 gigawatts (GW) of capacity added, or a decline of 36 percent from the previous year because of reductions in support schemes, as stated by Europe's solar industry association EPIA.
read more... 14/10/2015
Czech private conglomerates EPH and PPF join forces to make offers for Vattenfall's German electricity plants
Privately-owned Czech energy conglomerate EPH has associated with the country's major investment group PPF to bid for a portfolio of German lignite and hydro power stations being sold by Sweden's Vattenfall, as stated by EPH on Tuesday.
read more... 14/10/2015
Egypt awards tender to purchase 55 LNG cargoes
Egypt's state gas board EGAS declared on Monday it is to acquire 55 cargoes of liquefied natural gas (LNG), 10 more than initially scheduled, through a tender it has awarded to seven firms which will supply the fuel from the beginning of November.
read more... 13/10/2015
German utilities shares rocket on nuclear stress test alleviation
Shares in German utilities E.ON and RWE soared at the highest level in seven years on Monday, as worries that they has not enough funds to cover the nuclear decommissioning fade away.
read more... 13/10/2015