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Daily Energy Market Overview 09.24.2010
Oil price dropped below $75 on Friday. ICE Brent crude fell $0.30 cents to $77.81. At 06:41 GMT, U.S. crude for November dropped $0.33 to $74.85 per barrel. Still, actual prices are considered stable, registering a gain over 1.6% during last six weeks.
read more... 24/09/2010
China is the most attractive in renewable investments.
China was named, by Ernst & Young, the most attractive place to invest in renewable thanks to its policy of promoting demand on it, taxes on climate, grid connection and regulatory risk.
read more... 24/09/2010
Big plans for Angola hydropower potential.
Carlos Feijo, Angola’s Minister of State, announced that his government is planning to invest 18 billion USD to 2016 to rebuild its dams that were destroyed in their three-decade long civil war. This investment is going to be, till now, the country’s biggest one in the energy sector.
read more... 24/09/2010
GDF Suez back out from Penly project.
Gerard Mestrallet, the CEO of GDF Suez, sent a letter to French Prime Minister, François Fillon, letting him know that they no longer want part in the Penly project, wrote Les Echos.
read more... 24/09/2010
Daily Energy Market Overview 09.23.2010
Oil price was set below $75 on Thursday after an unexpected increase in U.S. crude and gasoline stockpiles. At 06:26 GMT, U.S. crude for November increased 15 cents to $74.86 a barrel, while November ICE Brent decreased 19 cents to $77.76.
read more... 23/09/2010