Latest news
Daily –European power down on tight demand expectations
Crude oil futures decreased on Friday as investors looked skeptical over the euro zone debt crisis, igniting profit taking after following an increase in prices by over 4 percent a day earlier. NYMEX crude for December delivery traded at 93.32 dollars a barrel, down 64 cents, after a trading range between 92.01 and 93.93 dollars, while ICE Brent crude for December delivery traded at 109.91 dollars a barrel, losing 2.17 dollars after a trading range between 109.65 and 112.23 dollars.
read more... 31/10/2011
UK Government pressed to double its gas storage capacity
The UK government has to double its gas storage capacity by 2020 as it aims to safeguard energy supplies and to reduce the impact of energy price hikes, according to an influential group of MPs.
read more... 31/10/2011
Statoil Q3 net profit down by 25 %
The Norwegian oil company, Statoil announced a drop of its profit by 25 percent in the third quarter, mainly due to increased production costs and a higher tax rate.
read more... 31/10/2011
UK to reduce feed-in tariffs for biomass
British Government announced that will withdraw its intention to increase the incentives for biomass power following pressure from the European Commission, which considers the augment as too high, announced the Department for Energy and Climate Change on Wednesday.
read more... 28/10/2011
Daily – oil up on Europe’s path to come out of the debt crisis
Crude oil futures sharply increased on Thursday spurred by Europe’s latest plans to solve its debt problems and supportive U.S. economic data and the dollar’s weakness as the euro recovered.
read more... 28/10/2011