Latest news
Daily: British gas prices down due to an oversupplied system
Brent oil prices eased to 112 dollars per barrel after Hurricane Isaac did not cause serious damage on oil production facilities. Brent oil for October delivery was trading at 111.50 dollars per barrel, down by more than a dollar, before recovering to 112 dollars at 12:10 GMT. U.S. crude oil was trading at 95.60 dollars, down by 70 cent. Brent prices have rebounded by around 6.5 % this month, while U.S. oil prices have reached 8.5 %, their highest levels since February.
read more... 29/08/2012
Australia and EU will create the world’s biggest emissions trading system
Australian government and the European Commission have reached an agreement over linking the two region’s carbon markets. Beginning on 1 July 2015, it will create the world’s biggest emissions trading market, Australia's environmental scheme will be linked to the EU's Emissions Trading System (ETS) under an interim link which will coordinate carbon prices in the two markets and will consent global permit trading.
read more... 29/08/2012
Daily: Nordic power prices up on a stronger carbon market
Oil remains below 113 dollars per barrel on Tuesday on worries of the tropical storm Issac which obliged companies to stop U.S. oil production. Brent oil increased to 112.59 dollars per barrel, at 08:57 GMT meanwhile U.S. crude oil rose 57 cents to 96.04 dollars per barrel.
read more... 28/08/2012
Russia’s Novatek signed long-term gas contract with Germany’s E.On
Russia's largest independent gas producer Novatek announced it has signed a $22.04 billion contract with E.ON Russia to supply gas to the German company’s power plants in Russia until the end of 2027.
read more... 28/08/2012
Green energies will add a third to German’s bills by 2020
According to Vattenfall Europe chief, Tuomo Hatakka, German energy bills will increase up to 30% to 2020 as they must, ultimately, pay rising subsidies for renewables which are paid above market rates under the law while new transmission grids carrying the power from remote places to consumption centres will also need to be financed.
read more... 28/08/2012