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Daily energy Overview, Thursday, June 23, 2011
Crude oil futures went up on Wednesday supported by the report indicating a drop in crude inventories in the Unites States and the Federal Reserve policy announcement which left interest rates at a low level and supported expectations for a weak dollar.
read more... 23/06/2011
Ofgem proposes tougher reforms for major UK power companies
The energy watchdog Ofgem has launched a set of rigid market reforms for Britain's six major power companies; involving the auction of more than one fifth of the electricity they generate, in order to increase competition on the market.
read more... 23/06/2011
Daily energy Overview, Wednesday, June 22, 2011
U.S. crude futures ended up on Tuesday as the euro increased against dollar on expectations that the Greek country will get a confidence vote and support the country avoid the debt crisis. U.S. crude for July delivery expired and traded at 93.40 dollars a barrel, up 14 cents, after a trading range from 92.50 to 94.74 dollars. U.S. crude for August delivery closed the session at 94.17 dollars, up 54 cents, after a trading range between 92.88 and 95.10 dollars.
read more... 22/06/2011
Daily energy Overview, Tuesday, June 21, 2011
Crude oil futures were mixed on Monday on worries about Greek debt crisis. U.S. crude contact for July delivery, which expires on Tuesday, traded at 93.26 dollars a barrel, up 25 cents, after a trading range between 91.14 and 93.49 dollars. Meanwhile, ICE Brent crude for August delivery valued 111.69 dollars a barrel, down 1.52 dollars, after a trading range from 111.23 to 113.38 dollars.
read more... 21/06/2011
IAEA calls for more stringent nuclear safety inspections
The UN nuclear chief is urging worldwide countries to perform international risk assessments on nuclear reactors within 18 months to avoid the recurrence of atomic disasters such as the one at Fukushima.
read more... 21/06/2011