Latest news
Daily: European coal prices boost on Colombian miners’ strike
Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013
World Bank to limit financing coal- fired power plants in the future
The World Bank has announced it will help countries to seek alternatives to coal power and will stop funding for new coal power generation projects. Jim Yong Kim, the President of the World Bank has always stressed the need to mitigate the impacts of climate change, making it a main concern for the Bank itself and for its five main organizations which are offering loans and grants to poor and emergent countries worldwide.
read more... 23/07/2013
Germany: Coal suppresses natural gas, wind output
It seems that Germany’s energy portfolio is not as green as thought. The share of coal in Germany’s electricity mix has soared to 52% in the first-half of 2013, suppressing the output from natural gas and wind turbines, according to data released by research organization Fraunhofer Institute (ISE).
read more... 18/07/2013
Germany's dependence on coal to continue for a long time
Germany intends to reduce reliance on imported oil and has started the phase-out of aging nuclear power stations, meanwhile the German government has adopted a target of achieving 20% of the country's energy share from renewable sources by 2020.
read more... 11/07/2013
Daily: European coal posts a slight recovery along with other markets
Brent crude oil futures increased above $103 a barrel on Friday, registering the first monthly hike in five months, after comments from Federal Reserve governors that the Fed is not hurrying to scale back its massive bond-buying program. Meanwhile, Brent crude oil futures added 18 cents to $103 a barrel by 02:51 GMT, after dropping to a session low of $102.44 earlier as investors sold off gains from the previous session. U.S. crude oil increased 11 cents to $97.16 a barrel.
read more... 01/07/2013