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China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015
Daily: European power prices mixed, with German up on weak wind, French down on holiday
Crude oil receded 3 percent on Thursday as strengthening dollar slashed gains from the past two sessions. North Sea Brent crude declined $2.23, or 3.3 percent, to settle at $65.54 a barrel. Brent posted a 1.6% weekly loss. U.S. crude fell $1.99, or 3.3 percent, to close at $58.94 a barrel.
read more... 08/05/2015
Hungary unearths its nuclear deal with Russia
Hungarian government has confirmed a deal with Russia under which the Russian nuclear company Rosatom will set up two nuclear reactors at the Paks nuclear power plant.
read more... 08/05/2015
Germany is taking the UK's crown as the world’s leader in terms of annual installed offshore wind energy
Germany is on the track to surpass the UK as top offshore wind installer this year, according to new figures from GlobalData.
read more... 07/05/2015
Ukraine doubles its gas imports from Russia in May
Russia announced it will double natural gas deliveries to Ukraine since the beginning of May after the countries prolonged a temporary agreement on pricing, while exports to European countries also increased, as shown by figures.
read more... 07/05/2015