National Grid warned that the UK is at its highest risk of blackout this winter in more than five years. The demand for electricity could reach 95% of available supply if the country would be affected by a cold snap. The National Grid has said that this year the safety margin will be just 5%, being the lowest predicted since 2007.
read more... 08/10/2013
Crude oil prices registered modest gains on Friday, as the budget impasse in the United States continued and uncertainty about when it would finish grasped the market. World leaders and analysts fear the government shutdown would hurt economic growth and slash oil demand in the Unites States.
read more... 07/10/2013
Brent crude futures posted a slide below $109 a barrel on Thursday, following the biggest gain in two weeks in the last session, dragged down by concerns over a prolonged U.S. government shutdown would hit demand in the United States. Meanwhile, Brent crude decreased by 28 cents to $108.91 by 02:47 GMT, after settling $1.25 higher and U.S. oil dropped by 41 cents to $103.69, after ending $2.06 higher.
read more... 04/10/2013
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
Brent crude dropped below$108 a barrel on Tuesday, trading near a 7-week low on the expectations for a U.S. government shutdown that could hurt oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear negotiations. Brent crude for November declined by 38 cents to $107.99 a barrel by 02:55 GMT. Meanwhile, U.S. crude settled at $101.95, down 38 cents.
read more... 02/10/2013