Latest news
European coal demand is set to fall by 2015
Europe's demand for imported coal may fall sharply as tougher environmental laws force power stations to close, with only eastern European countries likely to keep their plants running longer.
read more... 12/02/2013
Gazprom to cut prices for European customers in 2013
Gazprom, the world's biggest gas producer, has announced on Friday that it has set aside 3.5 billion euro for retroactive price concessions to major European customers in 2013. That comes as a reaction to the declining demand because of the Europe’s economic crisis, energy efficiency drives and competition from liquefied natural gas.
read more... 11/02/2013
Daily: UK prompt gas settles up on undersupplied system, higher heating demand
Brent and U.S crude oil futures dropped by about 1 percent on Monday, falling alongside equities on Wall Street as traders locked in profits after three weeks of gains that increased oil prices by about 10 percent since the beginning of December.
read more... 05/02/2013
China’s consumption of coal nearly as much as the rest of the world altogether
According to the U.S. Energy Information Administration, China is now burning almost as much coal as the rest of the world combined, due to an increase of more than 200% in Chinese electric generation, in comparison to 2000 levels, fueled mostly by coal. Currently Chinese coal demand accounts about 47% of global consumption.
read more... 31/01/2013
Daily: European power prices tumble on strong wind power output
Brent crude prices increased on Tuesday, being supported by optimistic economic data and a weaker dollar that pushed up oil prices. Brent crude for March delivery climbed 88 cents or 0.78 percent, to settle at $114.36 a barrel, having traded from $113.07 to $114.49. Meanwhile, U.S. crude oil futures settled higher at $97.57 a barrel on Tuesday, up $1.13, backed by strong U.S. housing data which spurred the optimism about fuel demand.
read more... 30/01/2013