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Daily: European spot power drops due to higher German solar production, lower power demand
Global crude oil prices posted a slight drop on Thursday, dragged down by pessimistic economic data from China and by an OPEC’S forecast showing a recovery in oil exports from Libya.
read more... 11/04/2014
Britain: 10 million pound loan to be offered to UK Coal for financing mine closures
UK Coal will receive a loan of 10 million pound from Britain government for closing its two deep mines over the next 18 months. There are 1,300 people working in the mines.
read more... 11/04/2014
EU new regulations on energy backing phase out subventions for renewable
New EU rules have been published on Wednesday making harder funding renewable energy. The latest regulations are intended to substitute subventions with market-based systems, only when the Ukraine crisis has intensified the necessity for other options to imported fossil fuel.
read more... 10/04/2014
Slovakia: budget raise to finish Mochovce nuclear plant approved by government
The Slovak government has consented to increase the budget by 400 million euros to 3.8 billion euros for the conclusion of two new divisions at the Mochovce nuclear power plant, according to the company which is responsible for building the plant.
read more... 10/04/2014
Daily: WTI crude oil increases on sharp rise in gasoline demand
WTI crude oil boosted by more than $1 on Wednesday as gasoline demand rocketed in the U.S., pushed up by technical trading, while Brent crude registered a modest gain following strained relations between Russia and the West. The U.S. Energy Information Administration data, showing a sharp build in gasoline demand, drove up U.S. gasoline and crude oil prices above key technical level.
read more... 10/04/2014