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GDF Suez: Income is expected to fall next year as demand slows due to economic crisis
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012
Daily: European prompt power prices jump on cold snap
Brent crude climbed on Monday on data from China showing a bullish demand and on the persistent concerns about an eventual turmoil in the Middle East which will disrupt oil supply in the region. Meanwhile, Brent crude for January delivery edged up 31 cents or 0.29% to settle at 107.33 a barrel, having traded from $107.01 to $108.54.
read more... 11/12/2012
E.ON- the last of “the big six” to increase energy prices
E.ON, UK's second-largest energy supplier with six million customers, is planning to raise gas and electricity prices next week, blaming wholesale, transmission and social scheme costs.
read more... 11/12/2012
Daily: Brent and U.S. crude drop on economic worries, posting weekly losses
Brent and U.S. crude oil futures dropped on Friday in choppy trading as Europe's economic problems and uncertainty about budget dispute in the United States dragged down oil prices after a brief rally on a U.S. jobs report.
read more... 10/12/2012
Russia to build two new reactors in China
Russian Prime Minister Dmitry Medvedev and Chinese Prime Minister Wen Jiabao, signed a protocol, on Thursday, for the construction of what will be the third and fourth reactors at the Tianwan nuclear power plant, and discussed also the possibility of building floating nuclear power plants.
read more... 10/12/2012