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Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Crude oil gains 3% on weaker dollar, OPEC forecast
Crude oil gained 3 percent on Tuesday, as a weak dollar spurred commodities labeled in the currency and OPEC raised slightly its forecast for oil demand growth. Turmoil in Yemen also encouraged prices, intensifying concerns over security of Middle East supplies. North Sea Brent rose by $1.95, or 3 percent, to settle at $66.86. U.S. crude firmed by $1.50, or 2.5 percent, to close at $60.75 a barrel.
read more... 13/05/2015
National Grid forecasts lowest UK peak summer demand due to an increase in embedded PV installations
Power demand on Britain's grid is expected to reach a maximum of 37.5 gigawatts (GW) in summer 2015, the lowest ever forecast, due to an increase in embedded PV installations, as stated previously by National Grid.
read more... 12/05/2015
UK Conservative government pledges to support shale gas fracking
The Conservative party has committed to support the shale gas and the fracking industry in the UK, particularly in the north of England on the eve of the party's election victory last Friday.
read more... 12/05/2015
Moscow and Ankara agree the start of Turkish Stream pipeline
Moscow and Ankara have signed an agreement last week to start the construction of Turkish Stream pipeline.
read more... 12/05/2015