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Overview of the Chinese coal market in 2010
World coal production is expected to rise considerably by 2027 to 5.1 billion tons. In 2008, the Chinese industrial sector consumed 22% of the global coal consumption and 41% of the world’s power production.
read more... 06/07/2011
German investors await British nuclear decision
German energy companies such as, EON and RWE, wait for a final political decision as to know how to proceed with its future investments into the construction of nuclear power plants in the UK. Meanwhile, German newspapers cited that the two German companies see the plans development costs as too high, expecting to invest 16 billion euros.
read more... 06/07/2011
Daily energy Overview, Tuesday, July 5, 2011
U.S. crude oil futures recovered after a long holiday weekend, increasing over 2 percent on Tuesday as commodities went up on demand optimism. U.S. crude oil for August delivery traded at 96.89 dollars a barrel, up 1.95 dollars after a trading range from 94.34 and 97.48 dollars, and having hit the highest value for front-month U.S. crude since June 15.
read more... 05/07/2011
Explosion at a French nuclear power plant
An explosion occurred at the Tricastin Nuclear power plant on Saturday; just two days after the French nuclear safety regulators discovered 32 safety concerns at the plant. The explosion took place in an electric transformer placed in the non-nuclear part of the plant and no leak of radiation was found.
read more... 05/07/2011
Daily energy Overview, Monday, July 4, 2011
Crude oil futures decreased on Friday after three days of gains as low Chinese factory data raised concerns over demand, while a report on stronger US manufacturing activity supported the market. U.S. crude oil futures for August delivery traded at 94.94 dollars a barrel, down 48 cents after a trading range from 93.45 to 95.39 dollars, while ICE Brent for August delivery settled at 111.77 dollars a barrel, down 71 cents after a trading range between 109.50 and 112.48 dollars.
read more... 04/07/2011