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High oil prices and the economy
Brent crude rose for seven straight sessions during week 38 on hopes for stronger demand after the Federal Reserve launched a new economic stimulus program. Crude futures prices are up about 2% this month after surging 9% in August and 7% in July, on revived geopolitical tensions and maintenance in North Sea crude oil production in September.
read more... 19/09/2012
Didcot and Fawley power stations to be closed in 2013
RWE npower has announced that the two power stations in Oxfordshire and Hampshire which are 42 years old will be closed soon, as the EU rules required reducing greenhouse gasses emissions. The closures will occur at the end of March 2013, when the power stations will have exhausted their permitted hours of operation before they have to shut down, the energy company said.
read more... 19/09/2012
Daily: UK prompt gas stable on short supply and cooler weather
Brent crude climbed to near $114 a barrel on Tuesday, after lofty losses in the previous session, but gains were capped as investors assessed the impact of the U.S. Federal Reserve’s stimulus measure on oil demand and envisaged China’s next step to boost its economy.
read more... 18/09/2012
Spain approved new national energy reforms
The Spanish Cabinet has approved new national energy reforms with the objective to reduce Spain’s 24 billion euros electricity tariff deficit created after years of selling energy below the cost price.
read more... 18/09/2012
France to close the door on shale gas exploration
Speaking at the opening of an environmental conference in Paris, the French President François Hollande announced he has rejected several applications to begin extracting natural gas and oil from shale using hydraulic fracking practice, which uses a high-pressure mixture of sand, water and chemicals to extract natural gas trapped in rocks.
read more... 18/09/2012