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Germany's RWE aims to offer hedging products for Japan power companies
RWE is hoping to profit as Japan has opened up one of the world's biggest energy markets to competition and as electricity trading activity by power companies is on the rise in the country
read more... 02/11/2020
U.S. drillers add most oil and gas rigs in a month since May 2018
The oil and gas rig count, an early indicator of future output, rose for the ninth straight week, growing by nine to 296 in the week to Oct. 30, energy services firm Baker Hughes Co said
read more... 02/11/2020
Daily (30.10.2020): Oil prices sunk to multi-month lows on Thursday as renewed lockdowns in Europe raised fears of demand deterioration
Crude oil futures tumbled to multi-month lows on Thursday amid mounting COVID-19 cases that resulted in tighter restrictions in Europe, slashing consumption for the black gold. Hence, Brent crude shed by $1.47, or 3.8%, to settle at $37.65 per barrel, the lowest level since May 29. At the same time, U.S. WTI crude fell by $1.22, or 3.3%, to settle at $36.17 a barrel, touching the weakest level since June 1.
read more... 30/10/2020
German-Belgian Alegro power link on track for November start
The first power interconnector between Belgium and Germany has successfully transmitted at full capacity of 1 GW in both directions, German transmission system operator Amprion said Oct. 29.
read more... 30/10/2020
Solar tariffs may reach a new record-low once again
“We expect aggressive bidding and possibly a new tariff low in this auction,” said Vinay Rustagi, managing director of renewable energy consultancy firm, Bridge To India. Queries sent to the Managing Director of SECI remained unanswered as of press time
read more... 30/10/2020