Latest news
Daily: Brent prices eased as worries over a military strike in Syria eased too
Brent futures decreased on Tuesday as fears over a military strike on Syria alleviated, but stayed above $114 per barrel as investors were paying attention on forecasts of stimulation in demand growth with factory output across most of the world enhancing. Brent crude prices dropped 15 cents to $114.18 per barrel by 0309 GMT while U.S. oil fell 98 cents to $106.68 in comparison to Friday’s levels.
read more... 04/09/2013
Vattenfall submitted plans for a new wind farm in Scotland
Swedish energy company Vattenfall has presented plans for the construction of a new wind farm on the south west of Scotland. The South Kyle Wind Farm would have about 50 turbines and a capacity of more than 170 MW, which should be enough to meet the annual electricity power demand of more than 90,000 households. It is expected that it will cost more than £190 million to build the wind farm.
read more... 29/08/2013
Wind energy industry to grow considerably in the next years to come
Wind energy market is set to grow significantly as it is expected a major demand in Asian market. Recently, Siemens, a major wind turbine maker said that wind energy market is going to quadruple by 2030.
read more... 29/08/2013
China is on a fast track to increase consumption of natural gas
China, the world's fourth biggest gas consumer, is on track to increase the consumption of natural gas, while the demand for gas is forecasted to quadruple by 2030. Chinese gas market is rapidly gaining importance. In 2010 Chinese gas consumption was similar to Germany's and is expected to reach that of the entire EU by 2035.
read more... 27/08/2013
Daily: German power prices down on a major production of wind and thermal
On Friday, Brent crude prices increased above 110 dollars per barrel sustained by optimistic business surveys which suggested that global economy is on the way to recovery and encouraging hopes for a higher demand for fuel. Brent crude prices increased 49 cents to 110.39 per barrel at 13:25 GMT, while U.S. crude oil prices decreased 19 cents at 104.84 dollars per barrel.
read more... 26/08/2013