Latest news
Daily – oil up on lower as expected industry data
U.S. and Brent crude oil futures increased on Tuesday after released industry data about a lower as expected increase in domestic crude stocks and a huge fall at Cushing, Oklahoma delivery hub.
read more... 28/09/2011
Booming UK wind power to rival gas and coal operators
UK wind power capacity is expected to sharply increase by late 2012, up 50% to 8,500 MW, reaching about 13% of total installed capacity according to green energy industry group RenewableUK. As a result, gas and coal plants margins may suffer from high wind production over the next three years.
read more... 28/09/2011
E.ON to cut 500 jobs after tariff hike
One of the UK’s biggest energy companies, E.ON, is seeking up to 500 voluntary redundancies only a week after boosting gas tariffs by 18 % and electricity bills by 11 %.
read more... 28/09/2011
Total to resume Libyan oil production
The French energy giant Total announced that it has resumed partial oil production in Libya, after months of civilian conflicts.
read more... 28/09/2011
Daily – power down at 6-1/2 month low level
Crude oil futures were mixed on Monday as investor diminished optimism that European officials would be able to resolve regions’ debt crisis soon.
read more... 27/09/2011