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Daily: Brent and WTI prices up for third session on supply concerns
Brent and WTI crude oil prices rose for a third consecutive session on Tuesday following worries about supplies from OPEC nations Libya and Iraq.
read more... 14/08/2013
UK needs shale gas more than ever
Recent projections made by the government foresee that natural gas demand is estimated to amount to 78.8 billion cubic meters by 2030, with the country’s reliance on imported gas is set to reach 70-75% by that period.
read more... 13/08/2013
Dong Energy to slash offshore wind costs by 40% by 2020
Danish Dong Energy, the largest offshore-wind developer in the world, is planning to slash offshore wind power costs by as much as 40 percent by 2020.
read more... 13/08/2013
Daily: European power prices trade higher on thermal plant outages
Brent crude traded under $109 per barrel on Tuesday following overnight gains which were backed by supply concerns in OPEC nation Libya, while investors were pending for U.S. economic data due later this week. Brent crude was steady at $108.96 a barrel, at 01:29 GMT unchanged from its close in the previous session, while U.S. crude oil dropped 13 cents at $105.98 a barrel.
read more... 13/08/2013
China on track to become world’s biggest oil importer
China is on track to become the world’s largest importer of crude oil, surpassing the U.S. for the first time. In the first 7 month of this year, China’s crude oil imports have already risen 1.4 % to 164 million tons. China is already the biggest energy consumer in the world and the second-largest oil consumer after the United States.
read more... 13/08/2013