Latest news
British Gas to offer “free electricity” on Saturdays to its customers
Energy firm British Gas is considering offering customers “free electricity” on Saturdays, encouraging in such a way more power use at weekends when industrial energy demand is much lower.
read more... 02/08/2013
Daily: German Cal’14 asphyxiated by overcapacity, low demand
Crude oil dropped on Tuesday, widening the spread between North Sea Brent and U.S. WTI crude amid a rally of U.S. crude price to a 16-month high as infrastructure developments allowed oil in landlocked Cushing, Oklahoma, to flow to the U.S. coast.
read more... 31/07/2013
Daily: Crude oil drops on concerns about Chinese demand
Crude oil prices dropped on Friday, prolonging losses amid worries over slipping Chinese demand after the world’s second-largest oil consumer ordered factories to cut production fearing about an excess of capacity. Brent futures for September delivery eased 48 cents to settle at $107.17 per barrel, after registering a 46-cent gain on Thursday. U.S. light crude for September slipped 79 cents to settle at $104.70 a barrel. The North Sea benchmark's premium to West Texas Intermediate was $2.45.
read more... 29/07/2013
Natural gas – the fuel of the future?
Natural gas is believed to be one of the most important energy sources for the future. The great quantity of natural gas together with its environmental reliability and numerous appliances across all sectors signifies that natural gas will keep playing an ever more important role in meeting demand in energy. Global demand for natural gas is projected to increase significantly as more states adopt environmentally cleaner fuels to meet future economic growth.
read more... 26/07/2013
Brent and WTI crude oil benchmarks converge
U.S. oil futures traded above the global crude-market benchmark, North Sea Brent, for the first time since 2010 in intraday trading on Friday as signs of strong demand from U.S. refiners boosted spread trading and bets that the era of the U.S. discount was ending.
read more... 24/07/2013