Crude oil dropped by 1 percent or more on Monday on a decline in Chinese demand and concerns that OPEC’s decision to hold its output threshold could prolong the actual oversupply, even if a weaker dollar slashed losses. Chinese imports slipped by more than 6 percent, against a 10 percent drop in exports. Brent crude lost 62 cents, or 1 percent, to settle at $62.69 a barrel. U.S. crude fell 1.7 percent, or 99 cents, to close at $58.14.
read more... 09/06/2015
Belgium's Elia and Britain's National Grid have offered two contracts together estimated at approximately 500 million euros ($558.35 million) to construct the first electricity trade cable between Britain and Belgium to Siemens and a division of Sumitomo Electric Industries.
read more... 09/06/2015
Croatia's power exchange CROPEX has inked an agreement with European energy exchange Nord Pool Spot to establish a day-ahead market by the end of the year, a move that will offer the European Union's newest member access to larger electricity markets.
read more... 05/06/2015
German industrial firm Siemens inked an 8 billion euro agreement ($9 billion) with Egypt on Wednesday to provide gas and wind electricity plants to increase the North African country's power production by 50 percent.
read more... 04/06/2015
The Japan Natural Resources and Energy advisory committee, a body affiliated with Japan's industry ministry, has backed the controversial government plan for atomic energy to generate 20-22 percent of the country's electricity by 2030.
read more... 03/06/2015