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Daily: Crude oil futures up on both sides of Atlantic on optimistic U.S economic data
Crude oil futures increased on both sides of the Atlantic on Thursday on optimistic U.S. economic data and a decrease in U.S. crude inventories. Brent traded above $115 early in the session as investors worried that supply disruptions could prolong in the Middle East after a U.S. Senate panel voted on Wednesday to back a military strike on Syria. Meanwhile, Brent crude rose 13 cents to $115.04 a barrel by 1:24 p.m. EDT (1724 GMT) after an earlier high of $115.55 and U.S. oil traded 81 cents higher to $108.04 a barrel after earlier reaching $108.54.
read more... 06/09/2013
Daily: European spot power prices down on more wind and sun power generation
Brent crude oil settled lower on Wednesday as it emerged that a military strike against Syria would remain restricted, repressing fears of supply disruptions in the Middle East. U.S. oil lost more than $1 per barrel, as any Middle East conflict might further tighten already restrained global supplies. Brent prices for October delivery decreased 77 cents at $114.91, after trading as high as $116.09 and as low as $114.40. While U.S. crude oil for October delivery established at $107.23 a barrel, decreasing $1.31, or 1.2%.
read more... 05/09/2013
EWEA: Offshore wind turbines increased about 2-fold in 2013
The industry body European Wind Energy Association (EWEA) said in the first half of 2013 the number of new offshore wind turbines installed increased about 2-fold compared with a year ago, however financing for new projects has slowed.
read more... 05/09/2013
Italy to halve offshore exploration areas
According to a Reuters report Italy has halved the offshore areas where it will allow companies to explore for oil and gas as it is aiming to diminish the country’s reliance on energy imports. The move is projected to placate environmental groups and to hasten expansion of new deep-water prospects.
read more... 05/09/2013
UK Government will not subsidize new gas storage facilities
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 05/09/2013