Latest news
Daily: European power prices drop on higher German wind power generation
Brent and U.S. crude oil futures fell on Wednesday after U.S. government data indicated that domestic crude inventories increased much more than forecasted. Brent crude futures slipped 55 cents at $111.06 per barrel, while front-month U.S. crude oil futures shed 39 cents on Wednesday.
read more... 07/03/2013
SSE has announced its retreating from Scotland-Norway Project
British utility SSE has announced it is retreating from a project to build a subsea electricity cable linking Scotland and Norway. SSE is one of the U.K.'s six major energy providers, and it added also that it will no longer have a financial involvement in the NorthConnect project as it intends to focus on investments in its domestic markets.
read more... 07/03/2013
IAEA: World nuclear power capacity increases in 2012 after Fukushima meltdown
World nuclear power generation recorded a slight increase in 2012, after a decline in the previous year aftermath the Fukushima catastrophe in Japan, according to a new report released by UN atomic agency (IAEA).
read more... 07/03/2013
China surpassed the United States as the world’s top oil importer
China has surpassed the United States as the world’s biggest net importer of oil after, the U.S. posted its lowest import records since 1992 on the back of flourishing domestic oil production. According to provisional figures from the US Energy Information Administration US net oil imports dropped to 5.98m barrels a day in December, the lowest since February 1992, while China’s own figures rose to 6.12 million bpd.
read more... 06/03/2013
Daily: UK wholesale gas prices drop, but still high as the system eases
Brent crude oil futures for April delivery boosted $1.52 per barrel to settle at $111.61 on Tuesday, breaking a five-day losing strip, mainly prompted by North Sea supply disruptions, optimism over Chinese demand growth after the country targeted 7.5 percent GDP growth this year and a significant increase in U.S. equities.
read more... 06/03/2013