Latest news
Daily: German power prices tumbled on higher solar power output
Crude oil prices dropped on Wednesday, with Brent declining as a Libyan oilfield resumed its production and U.S. crude falling on shaking demand for gasoline. Brent crude futures decreased by 66 cents to settle at $108.28 a barrel, after hitting a one-month low of $108.14 during the session, its eighth consecutive fall, the longest strip since May 2010. Brent contract for August delivery was trading at a discount of about 19 cents to the September contract. Meanwhile, U.S. crude eased $1.11 to settle at $102.29 after declining as low as $102.00. The WTI benchmark has dropped for nine straight sessions, its longest streak since December 2009.
read more... 10/07/2014
EU utilities to be negatively affected by low energy prices until 2020
Low wholesale power prices will make Europe's utilities suffer, corroding their revenues until the end of the decade since increasing renewable production and low demand integrate, according to the rating agency Moody on Wednesday.
read more... 03/07/2014
Total: First Danish shale gas exploration authorized
French energy major Total received the green light from a town in northern Denmark to start drilling first shale gas test wells in the Northern country where conventional gas production is depleting.
read more... 27/06/2014
German solar industry breaks a production record in June
The German solar power industry generated a record of 50 percent of its electricity needs through solar panel at the beginning of June, breaking three previous national power production records, according to an analysis performed by the Fraunhofer ISE research institute.
read more... 20/06/2014
Daily: Brent crude holds steady, WTI climbs on positive economic data
Brent crude held steady and U.S. crude pared earlier losses to trade higher on Tuesday, as economic data from the United States and China spurred prices which were depressed by increasing global oil production. Brent crude for July delivery dropped by 1 cent to close at $108.82 a barrel, ending above its 50-day moving average of $108.56. WTI prices for July delivery boosted 19 cents to trade at $102.66, hitting $102.86 at 5 p.m. EDT (2100 GMT) in post-settlement trading.
read more... 04/06/2014