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Crude oil prices are down for third day, as traders assess the latest round of economic reports. Marvin Odum, Shell Oil Company, weighs in.
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HONG KONG, March 27- China's rush to bail out Suntech Power Holdings and other solar panel makers is condemning its solar sector to a worsening glut, as demand remains stubbornly stagnant, both at home and abroad. "China's solar industry is becoming like a prison," said Samuel Yang, chief executive officer of Shanghai- listed solar panel maker Hareon Solar.
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HONG KONG, March 27- China's rush to bail out Suntech Power Holdings and other solar panel makers is condemning its solar sector to a worsening glut, as demand remains stubbornly stagnant, both at home and abroad. "China's solar industry is becoming like a prison," said Samuel Yang, chief executive officer of Shanghai- listed solar panel maker Hareon Solar.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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BRUSSELS, March 26- The head of Italy's largest power company, Enel, said European Union governments should stop subsidising renewable energy to relieve pressure on utilities struggling with economic weakness.
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SOFIA, March 26- Bulgaria said it will suspend about 40 percent of its wind and solar installations to balance a power system in danger of instability due to a huge excess of capacity after a drop in consumption and exports. Bulgaria has about 1,600 megawatts in wind and solar power capacity out of total installed power generation capacity of 12,000 MW.
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U.S. shale gas may not be the panacea being touted by Japan's politicians and companies to sharply reduce the country's crippling energy bills.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The Cypress bailout drove today's activity, as oil traded at its highest level in a month.
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AURORA, Maine-- Maine environmental regulators will hear what the public has to say about a proposed 18- turbine wind farm in Hancock County. First Wind wants to begin construction this year on the 54- megawatt wind power generation facility on Schoppe Ridge and an unnamed ridge, with an operations and maintenance building in Aurora.
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As the price of natural gas spiked 17 percent year-to-date, pro trader Rich Ilczyszyn consults the charts to see whether it will continue.
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COLUMBUS, Ohio-- Battle lines are being drawn over whether Ohio should scrap its renewable energy standard, which requires power companies to generate a portion of their electricity from renewable sources such as solar and wind.
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NEW YORK-- JA Solar Holdings Co. said Monday that its fourth-quarter loss widened, hurt by continued weak global demand for solar products. For the quarter ended Dec. 31, the Chinese solar company's loss totaled RMB 637.9 million, or RMB 16.50 per American depository shares, compared with a loss of RMB 429.6 million, or RMB 12.25 per ADS, in the same quarter last year.
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GLOBAL MARKETS-Euro, Asian shares rise on draft Cyprus deal. >Gold miner PT J Resources Asia Pasifik. >Kalla Group plans to spend more than $1 billion this year to develop several hydro-power plants in Sulawesi and Jambi, said CEO Fatimah Kalla.
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Discussing the fierce debate that ethanol requirements are driving up gas prices, with Gen. Wesley Clark, Former NATO Supreme Allied Commander and Dan Dicker, TheStreet.com
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SAN FRANCISCO, March 21- Apple Inc now runs its largest U.S. data center entirely on renewable energy, with a majority of the power generated on-site from solar panels and fuel cells, the company's chief financial officer, Peter Oppenheimer, said on Thursday.
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*Germany better supplied from all sources. FRANKFURT, March 22- European spot power prices were mixed on Friday, lifted in France by forecasts for another cold spell but tempered in Germany by prospects of high solar and wind power supply. was 3.40 euros down from levels paid for Friday at 34.10 euros a megawatt hour.
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It seems technical indicators don't bode well for natural gas, the alternative energy source.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday.
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LONDON, March 21- U.S. data suggests the percentage of ethanol in the gasoline supply is nearing the "blend wall"- the 10 percent level beyond which refiners fear to go- but perhaps not close enough to explain a sudden jump in the price of compliance credits.