Latest news
Bulgaria boosts electricity prices, reduces natural gas
Bulgaria raised electricity prices by an average of 2 percent having as objective to control politically sensitive costs in spite of massive deficits in the Balkan country's energy sector.
read more... 07/08/2014
China revises down its shale gas output estimates by 2020
China has slashed in half the quantity of shale gas it forecasted to produce by 2020, as the exploration to tap the unconventional fuel proved challenging, according to China's National Energy Administration.
read more... 07/08/2014
Daily: UK gas prices increase on concerns about conflict intensification in Ukraine
Crude oil prices declined on Wednesday on ample supplies in the United States which dragged the U.S. contract to the lowest settlement in six months, while Brent prices plunged near nine-month lows. U.S. crude for September delivery dropped 46 cents to close at $96.92 a barrel, its weakest close since February 3. Brent crude oil fell by 2 cents settle at $104.59 a barrel, its lowest close since November 7.
read more... 07/08/2014
Scotland: Shale gas reserves may supply 30 years of UK gas
Scotland, heading for a September independence referendum, might possess sufficient shale gas resources to satisfy UK gas necessities for over 30 years, according to a geological report publicized by the British government on Monday.
read more... 06/08/2014
Daily: Brent crude plunges at 9-month low on robust supply, low demand
Crude oil prices declined on Tuesday, with Brent plunging to a nine-month low as robust supplies in Europe and North America offset fears that violence in the Middle East and North Africa could cut production. Brent crude dipped 80 cents to close at $104.61, the weakest settlement since November 2013, while U.S. crude declined 91 cents to settle at $97.38, the lowest settlement since early February.
read more... 06/08/2014