Latest news
EDF’s sales up 6.9% in the nine months of 2013
French utility Electricite de France (EDF), the largest electricity generator in Europe and the biggest producer of nuclear power worldwide, registered an increase of 6.9 percent in its nine-month sales amid power prices increases.
read more... 07/11/2013
Daily: UK prompt gas prices slip on oversupplied market
U.S. crude futures increased by nearly $2 a barrel on Wednesday, recovering from four-month lows, on surprisingly large declines in U.S. fuel supplies to narrow its spread with European Brent crude by more than $1. Meanwhile, Brent traded higher, supported by concerns about prolonged supply outages in Libya as the peak northern hemisphere winter heating season emerges.
read more... 07/11/2013
Centrica strikes a £4.4bn LNG deal with Qatar
Centrica, the company parent of British Gas, has inked a four-and-a- half agreement with Qatargas, implying the purchase of liquefied natural gas (LNG) from Qatar to supply three million British households(13% of the UK’s gas needs).
read more... 07/11/2013
Nuclear outlook in the UK
Currently, the UK has 16 reactors generating on average about 19% of its electricity and all but one of these will be retired by 2023.The country has a number of reactors which are currently reaching the end of their working life, and it is now unclear how they will be replaced.
read more... 06/11/2013
Daily: U.S. crude oil at five-month low on high supplies
Brent crude oil dropped on Tuesday after reaching a fourth-month low in the previous session, while U.S crude oil futures closed at their lowest level in five months, dragged down by forecasts for increasing supplies and persisting weak demand as Gulf Coast refineries were expected to remain out of service at least by the end of this week.
read more... 06/11/2013