Latest news
UK’s inflation at a 3-year high on higher energy tariffs
According to the Office for National Statistics, the Consumer Prices Index (CPI) inflation in UK soared to 5.2pc in September due to higher gas and electricity prices, hitting a 3-year high.
read more... 19/10/2011
Daily – oil up on strong decrease in US stockpiles
American crude stocks decreased last week versus increase in imports, announced American Petroleum Institute on Tuesday. Crude imports eased 337,000 barrel per day to 8.94 million bpd. Gasoline stocks decreased 1.6 million barrel, more than the 1.3 million barrel predicted by analysts, while distillate went down 2.2 million barrels, against analysts forecast about a 1.5 million barrel drop.
read more... 19/10/2011
Western Wind stock prices strongly increased
Western wind stock prices settled a strong increase on the Toronto Stock Exchange, immediately after the announcement that Algonquin Power & Utilities Corp. plans to purchase Western Wind Energy Corporation, a renewable energy developer. Western wind stock prices increased 58 percent to 2.10 dollars, having set the largest increase since June 2001.
read more... 19/10/2011
Russia’s power sector structure and reform
Russia launched the privatisation of its electricity market in 2007 in a bid to introduce competition, liberalise prices and attract investment and expertise from the private or international sector. The project was led by Anatoly Chubais, the architect of the early 1990s privatisation drive that followed the breakup of the Soviet Union.
read more... 19/10/2011
Belarus: first step in nuclear
Belarus has launched a foreign tender as it envisages the construction of two nuclear plants within 10 years, project that is worth about $9 billion.
read more... 18/10/2011