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Daily: German year-ahead power prices at 8-year low as coal, oil market decline
Brent crude rose towards $105 per barrel on Monday after United States showed optimistic hiring figures, but not enough to incite fears about near-term tampering of the Federal Reserve’s massive stimulus. Meanwhile, Brent oil climbed 6 cents to $104.62 a barrel by 05:07 GMT, after hitting $104.76 earlier. U.S. oil rose 9 cents to $96.12 per barrel.
read more... 11/06/2013
Coal India to invest in solar power
The largest coal company in the world, Coal India, has announced it intends to invest in solar power aiming to reduce energy bills and to cut costs. The company, which is responsible for more than 80 % of coal production in India, intends to install a 2MW plant at its Sampalbur coal plant in Odisha. The plant will have the potential to be scaled up to provide excess electricity to the grid.
read more... 10/06/2013
Daily: Coal slips to 3-year low, hitting even big producers
Brent crude oil futures jumped on Monday, pushed up by a weaker dollar and a supply disruption in North Sea crude oil. Brent crude futures rose $1.82 at $102.21 per barrel at 1:50 p.m. EDT (1950 GMT), rebounding from a dip below $100 to $99.66 earlier in the session on pessimistic Chinese data, posting the lowest price for Brent in one month. In the same time, U.S. crude oil futures raised $1.50 at $93.47 per barrel.
read more... 04/06/2013
China to apply more stringent coal regulations
China, the most polluted country in the world and with coal accounting about for 70% of the energy mix, decided to curb its coal consumption by 65%, while gas will be increased to 7.5% by 2015, according to China’s 12th five-year plan for energy industry.
read more... 03/06/2013
Australia on the way to surpass its 2020 renewable energy target
Australia, one of the most coal-dependent countries in the world, is on the track to not only reach its renewable energy target by 2020, but it could even surpass it, according to a new report.
read more... 31/05/2013