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Daily: British gas prices dip despite cold weather
Brent and U.S. crude oil futures climbed in a choppy trading on Tuesday on news that OPEC‘s oil production decline in November and on a weaker dollar low support to oil prices. Meanwhile, Brent January crude climbed 68 cents, or 0.63 percent, to settle at $108.01 a barrel, having traded from $107.09 to $108.34. U.S. January crude futures gained 23 cents, or 0.27 percent, to settle at $85.79 a barrel, having traded from $85.21 to $86.37.
read more... 12/12/2012
Vestas cuts production and worker hours at its Brighton facility
The Danish wind turbine manufacturer Vestas has announced currently that it intends to cut production at its Brighton and Windsor facilities, and will also cut the employee hours, due to a slowdown of wind industry in the U.S. and a reduction in turbine orders for 2013.
read more... 12/12/2012
Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
EIA: U.S. oil production to hike at a record level in 2012
U.S. crude oil production is hiking at the fastest pace in history, according to data released by the U.S. Energy Information Administration (EIA), marking the largest rise in annual output since the beginning of U.S. commercial crude oil production in 1859.
read more... 12/12/2012
CEZ expects record nuclear power output in 2012, 2013
Czech Republic’s largest power producer announced on Tuesday that both of its nuclear power plants are on the way to hit new record power generation this year and next, as it cuts fossil fuel-generated power production.
read more... 11/12/2012