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Daily: European spot power prices decline on the eve of holiday in France, Germany
Crude oil prices declined after a 3 % rally o Wednesday as concerns about robust supplies have an impact on the market despite a second consecutive week of draws in U.S. crude. North Sea Brent closed at $66.81, down 5 cents. It had jumped to $68.17 earlier. WTI crude futures fell 25 cents to settle at $60.50 a barrel, after soaring to $61.85.
read more... 14/05/2015
India to get a loan of $1.1 bln from German bank KFW to support solar energy
German development bank KFW will offer a $1.1 billion credit to India to support rooftop solar installations, said the secretary at the Ministry of New and Renewable Energy.
read more... 13/05/2015
Poland: PGE and Gaz-System to develop a power-to-gas conversion plant
PGE, the largest power producer in Poland and gas grid operator Gaz-System will cooperate to jointly develop the country's first power-to-gas conversion facility, which will turn the electricity produced at wind farms into gas.
read more... 13/05/2015
Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Crude oil gains 3% on weaker dollar, OPEC forecast
Crude oil gained 3 percent on Tuesday, as a weak dollar spurred commodities labeled in the currency and OPEC raised slightly its forecast for oil demand growth. Turmoil in Yemen also encouraged prices, intensifying concerns over security of Middle East supplies. North Sea Brent rose by $1.95, or 3 percent, to settle at $66.86. U.S. crude firmed by $1.50, or 2.5 percent, to close at $60.75 a barrel.
read more... 13/05/2015