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Why Do Germany’s Electricity Prices Keep Falling?

Chancellor Angela Merkel cemented Germany’s shift toward an economy powered by renewable energy in 2010 with her “Energiewende” plan. One result has been a seemingly unstoppable decline in wholesale electricity prices, which tumbled to a 12-year low on Monday.

UPDATE 1-Profits at two Chinese oil majors slump on low crude price

BEIJING, Aug 26 (Reuters) - Two of China's major oil companies said on Wednesday that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.

German Renewables Investors To Fund Iranian Wind Farm

Development Environment Arvand Co., a German-Iranian renewables developer, signed an agreement to build a 48-megawatt wind farm in southwestern Iran for 40 million euros ($46 million).

RPT-COLUMN-BHP downgrades China steel forecast but keeps iron ore strategy: Russell

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

UPDATE 2-Schlumberger to buy oilfield gear maker Cameron in $14.8 bln deal

Aug 26 (Reuters) - Oilfield services company Schlumberger Ltd agreed to buy Cameron International Corp, which makes equipment used by oilfield services providers, in a deal valued at $14.8 billion to cut costs amid weak drilling activity.

Top Asian refiner Sinopec's net profits slip 22 pct in H1

BEIJING, Aug 26 (Reuters) - China's Sinopec Corp , Asia's largest refiner, posted a 22 percent fall in first-half profit on a sharp decline in international crude prices that hit upstream earnings.

UPDATE 1-Greece sees gas grid deal with Azeri SOCAR progressing

ATHENS, Aug 26 (Reuters) - Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday.

Ukraine's stockpiling of winter gas slower than last year -PM

KIEV, Aug 26 (Reuters) - Ukraine's efforts to store natural gas for winter are running 1 billion cubic metres behind their pace last year, Prime Minister Arseny Yatseniuk said on Wednesday.

RPT-As Trafigura exits metal storage, rivals brace for boom from economic gloom

NEW YORK, Aug 26 (Reuters) - Swiss commodities merchant Trafigura is ending a five-year foray into the lucrative base metals storage business just as warehousing firms are bracing for sheds to fill up amid concerns a China-led slowdown could stall the global economy.

Greece sees gas grid deal with Azeri SOCAR progressing

ATHENS, Aug 26 (Reuters) - Greece's privatization agency said on Wednesday that Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year.

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