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Daily: UK gas slips as supply exceeds demand by 8 percent
Brent and U.S. crude oil futures for February delivery rose $1.24, or 1.12 percent, at $111.88 a barrel and 58 cents, or 0.62 percent, at $94.14 a barrel respectively on Monday as fears of disruption of supply from the Middle East arose amid growing optimism for a revival in demand growth as the world's biggest economies show signs of constant recovery.
read more... 15/01/2013
World green energy investments decreased in 2012
Investments in green energy decreased in 2012 worldwide after hitting record levels in 2011, according to some data released by Bloomberg New Energy Finance (BNEF). Investments tumbled mainly due to the debt crisis in the U.S. and Europe and as governments slashed incentives for technologies ranging from wind turbines to solar power and biomass.
read more... 15/01/2013
French government to compensate EDF for a renewable tax deficit
The French government agreed on Monday to pay state-controlled power utility Electricite de France SA (EDF) €4.9 billion ($6.57 billion) in order to compensate costs related to the purchasing of electricity generated by renewable sources and subsidies for electricity sold to the poor, move that increased EDF's shares by about 5%.
read more... 15/01/2013
China’s power consumption up 5.5%
According to the National Energy Administration, China’s national electricity consumption was 4.9 trillion kilowatt hours in 2012, up 5.5 percent in comparison to 2011, when it registered a growth of about 11.7%.
read more... 14/01/2013
Daily: Brent and U.S. crude end lower as U.S. gasoline prices decline
Brent and U.S. crude oil futures tumbled on Friday dragged down by the decline of U.S. gasoline futures following expectations of firmer imports and as an expected U.S. Midwest-to-Gulf Coast crude oil pipeline expansion began to narrow the spread between Brent and U.S. crude prices. Meanwhile, Brent February crude slipped $1.25, or 1.12 percent, to settle at $110.64 a barrel, having traded from $109.60 to $111.95 and posting a weekly loss of 0.6 percent. U.S. crude futures eased by 26 cents, or 0.28 percent, to settle at $93.56 a barrel, having traded from $92.65 to $94.13, however posting a weekly gain of 0.5 percent.
read more... 14/01/2013