Europe
Mar 28th, 2011
Oil Eases as Libya Rebels Recapture Major Oil Port
In other Nymex trading for April contracts heating oil fell 0.2 cents at US$3.05 a gallon and gasoline was steady at US$3.04 a gallon.
World oil prices eased in Asian trade Monday as Europe debt concerns escalated following reduction in bailout package by the EU. Light sweet crude for May delivery was seen trading at US$105.02...
Jan 27th, 2011
51% Growth for EU Offshore Wind Power in 2010
With 308 new offshore wind turbines installed in 2010 - an increase of 51% in installed wind power capacity on the previous year - offshore wind power experienced a new record growth in Europe.
In total, 883MW of new capacity, worth some €2.6 billion, were installed in 2010 in nine wind farms in five countries, making...
Nov 8th, 2010
Offshore Wind, Wave and Tidal Can Meet Europe’s Electricity Demand
Offshore wind, wave and tidal energy could technically provide all of Europe’s future electricity demand, according to a group of industry experts and scientists under the EU ORECCA project.
Today offshore wind turbines with a total capacity of around 2.8 GW, are feeding energy into the European grids. Most of the wind farms are installed less...
Jul 12th, 2010
Europe Looks to Cash in on Cambodian Rice
The Cambodian Small and Medium Industries Association will begin exporting 2,656 tonnes of rice worth nearly US$1 million to four European nations later this month.
Fetching $355 per tonne from buyers in Poland, Lithuania, Estonia and Sweden, the rice shipments would last from July until mid-August, and would be worth a total of $942,880 on the...
Jun 16th, 2010
Europe Inflation Accelerates on Energy, Euro’s Drop
European inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region.
Euro-area consumer prices rose 1.6 percent in May from a year earlier after increasing 1.5 percent in April, the European Union statistics office in Luxembourg...
May 27th, 2010
Europe Wants to Move Beyond 20% Greenhouse Gas Emission Reductions
The European Commission has presented an analysis of the costs, benefits and options for moving beyond the EU’s greenhouse gas reduction target for 2020 from 20% below 1990 levels to 30% once the conditions are met. At present these conditions have not been met. This communication follows the Commission’s Communication on “How to reinvigorate international...
May 26th, 2010
Europe Resists Shale-Gas ‘Bandwagon’
Environmental concerns hinder embrace of U.S. phenomenon
Shale gas, viewed as a game-changer in the U.S. natural gas market, is likely to have less of an impact in overcrowded Europe, companies attending the Reuters Global Energy Summit said.
The fuel — natural gas trapped in layered rock rather than porous reservoirs — accounts for a rising part...
May 26th, 2010
Europe Hotel Industry Sees Percentage of Occupancy Increase to 61.6 in April 2010 from 58.6 in April 2009 –STR
The European hotel industry posted generally favourable results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for April 2010, according to data compiled by STR Global.
“Demand for European hotel rooms continue to improve. With a relatively flat increase of new supply across the region, we saw occupancies and average room rates...
May 19th, 2010
Europe Fines Nine Chipmakers $404M Over Price Fixing
IDG News Service - European antitrust regulators fined nine semiconductor manufacturers more than $404 million on Wednesday following a years-long investigation into price fixing in the market for DRAM memory chips.
The European Commission said all of the companies submitted settlements admitting their liability for infringement. The companies fined are Samsung Electronics, Infineon, Hynix Semiconductor, Elpida...
May 14th, 2010
DGS to Replace SAoy and Rape in Europe
Traditional protein sources for animal feed such as soybean and rapeseed in the future will more and more be replaced by wheat and maize dried distillers grains with solubles (DDGS).
This is the opinion of Jan Verhoeven, commercial manager at Duynie, market leader in moist animal feeds in the Netherlands. DDGS are by-products of the production...
May 14th, 2010
Europe Crisis Likely to Rule Gold Prices: ASSOCHAM
Volatility is likely to rule gold prices until visible stability anchors Euro zone and continue to fluctuate between range of over Rs.18,000 to Rs.19,500 per 10 gm for next 6 months as stock markets also run through uncertainty in face of FIIs flows, said an industry body on Thursday.
In it’s assessment of Gold prices Vs...
May 14th, 2010
EU Slaps Interim Duties on Chinese Aluminium Wheels
Reuters reported that the European Union has imposed provisional anti dumping duties of up to 20.6% on imports of aluminium vehicle wheels from China after a complaint of unfair competition from European manufacturers.
The European Commission, the executive arm of the 27 nation EU, said that an investigation had revealed imports of Chinese aluminium wheels used...
May 11th, 2010
Europe’s Coal Irony
Coal, the world’s fastest-growing source of energy — and one of its most-polluting — is coming under pressure from one of its biggest traditional consumers, the US, via natural gas and pollution regulations. Meanwhile India is talking about not mining some of its own reserves, for environmental reasons.
So it still seems a little ironic that...
May 10th, 2010
Oil Rises for First Time in Five Days on Europe Emergency Fund
(Bloomberg) — Crude oil rose for the first time in five days on speculation an emergency fund by European policy makers will be sufficient to contain sovereign debt risks and help maintain growth in the region.
Oil climbed from a 12-week low on May 7 after European Union governments and the International Monetary Fund agreed to...
May 10th, 2010
Gold Falls From Five-Month High on Europe Emergency Debt Fund
(Bloomberg) — Gold fell from near a five-month high on speculation that an emergency fund agreed by European policy makers will be sufficient to contain sovereign debt risks and help maintain growth in the region.
Gold for immediate delivery fell as much as 1 percent to $1,196.10 an ounce before trading at $1,200.80 at 12:50 p.m....
May 10th, 2010
France Says Europe Has Sent Strong Signal to Markets
Europe has sent a strong signal to markets that it is ready to defend the euro after agreeing on a massive package to stave off contagion from the Greek debt crisis, French Economy Minister Christine Lagarde said on Monday.
“It is an extremely strong signal given to the markets that the Europeans will defend themselves and...
May 6th, 2010
EU Stainless Prices in April up by 74pct YoY – MEPS
UK MEPS said that “Stainless steel transaction prices have climbed steeply over the past 12 months. Although improvement in demand since the darkest days of the recession has been a contributing factor, the major influence on the selling value of stainless steel has been the cost of raw materials, most notably, nickel.”
The LME cash monthly...
May 6th, 2010
Brent Oil Price at $82 Level as Europe Problems Hit Markets
Brent oil prices sank lower to the $82 – $83 mark in trading yesterday as increasing problems in Europe hit global stock markets.
In early trading on Thursday, Brent crude oil futures is currently at $82.69 on the ICE Futures Exchange.
“The market is realising the problem in Europe is not easy to fix,” said Clarence Chu,...
May 5th, 2010
Britain to Borrow the Most Money in Europe
Britain will borrow more money than any other country in Europe this year including crisis-torn Greece.
In a stark warning on the eve of the general election, the European Commission tonight said the UK budget deficit will hit a record 12 per cent of economic output this year. That is the biggest of all 27 nations...
May 4th, 2010
Europe: Business Investment Rate Fell Further in Q4 and the Household Saving Rate Declined Marginally
This weekend will be key for the Greek crisis, as the EU is bound to announce a large rescue package for three years (rumours to up to 120 bn euro and beyond), while the Greek government will announce its consolidation plan negotiated with the IMF and EU institutions, which has been leaked and is also...