Latest news
RWE to spend EUR 1.5bn annually on renewables
German energy group RWE AG intends to invest about EUR 1.5 billion (USD 1.7bn) in renewables each year to grow an already imposing portfolio, to be formed through the pending merger of assets held by Innogy SE and E.on SE.
read more... 18/01/2019
Spain's Diverxia gets govt nod to develop 240-MW solar park in Colombia
Spanish developer Diverxia Infrastructure has secured a connection approval from Colombia's Energy Mining Planning Unit (UPME) for a 240-MW photovoltaic (PV) project.
read more... 17/01/2019
Daily (14.01.2019): Oil prices down by around 2% on Friday on concerns over global economic growth
Oil prices lost nearly 2% as the recent pessimistic economic data added to persisting worries about global economic growth. Nevertheless, oil markets posted gains on a weekly basis, due to OPEC-led output cuts and expectations for progress in U.S.-China trade talks. Brent crude fell by around 2% to $60.48 a barrel, while WTI futures settled about 2% down to $51.59 a barrel.
read more... 14/01/2019
Daily (11.01.2019): German spot power price fell by 26% on Thursday due to strong wind generation
Oil prices edged slightly higher on Thursday, tracking bullish equity markets following comments from the U.S. Federal Reserve chairman. However, gains were capped by waning optimism about the three-day U.S.-China trade talks, as these finalized with no concrete details. Concerns about a potential slowdown in global economy fuelled by weaker Chinese economic data also limited the rally in oil markets. On that background, Brent crude inched 0.4% up to $61.68 a barrel, while WTI futures settled 0.4% higher at $52.59 a barrel.
read more... 11/01/2019
Daily (08.01.2019): NBP spot plummeted by 6.5% on Monday due to an oversupplied system
Oil prices surged for the fifth consecutive day on Monday due to cuts in production by OPEC and its allies, as well as the recovery in equity markets. While Brent crude edged 0.5% higher at $57.33 a barrel, WTI crude gained 1.2% to close at $48.52 a barrel. Gains were limited by reduced crude inventories in the US.
read more... 08/01/2019