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Daily – crude oil prices up on intensified worries about supply disruptions
U.S. and ICE Brent crude futures ended higher on Tuesday, having set the utmost level since the middle of November, as tensions between Iran and the West intensified worries about supply disruptions, while positive economic data provided optimism about the global economy.
read more... 04/01/2012
2011 in European power, gas, coal and carbon prices
European power, gas and coal prices ended 2011 close to where they began, despite steep rises and falls during the middle quarters of the year, while the carbon market crashed in a crisis of confidence beginning in summer. Starting the year at 100 points, benchmark European power and gas prices saw the closest correlation and converged again in the last few months of 2011 to end up just below 100 points. Coal saw the smallest movements, ranging between 90 and 105 points throughout the year, while carbon prices saw by far the highest volatility, first rising to above all other products to 125 points, before crashing to a low of under 50 points. By comparison, benchmark Brent crude oil was on track to post a 13% gain for 2011.
read more... 03/01/2012
Suzlon to deliver 120 MW power in US
Suzlon Wind Energy Corporation, a North American subsidiary, has won a significant order for a project situated in the western part of the United States. The company will deliver 57 wind turbines generating 120 megawatt power in the third quarter of 2012.
read more... 03/01/2012
Greece raised by 9.2 % power prices
Greece, the debt-land country, augmented its power prices in average by 9.2 percent in order to reflect the real cost of energy generation under the terms of an EU/IMF bailout. The changes came into force as from January 1, 2012.
read more... 03/01/2012
Daily – oil up over 1 dollar on rising tensions between Iran and the West
Crude oil prices increased over one dollar on Tuesday on fears that rising tensions between Iran and the West could lead to a disruption in oil supplies. By 23:06, NYMEX crude for February delivery traded at 100.30 dollars a barrel, up 1.47 dollars, while by 01:02 GMT, ICE Brent crude for February delivery traded at 108.38 dollars a barrel, up 1 dollar.
read more... 03/01/2012