Latest news
Daily: Brent crude gains ground on spread trade
Brent crude oil futures increased on Wednesday as traders took advantage from an over-extended spread trade with U.S. crude oil, while the American light crude was buoyed by a record demand for heating oil amid continued cold snap.
read more... 06/02/2014
Europe launches the coupling of the Northwest European day-ahead power markets
Europe took a further step towards a single power market by unifying electricity trading across 15 countries, a process called market coupling.
read more... 06/02/2014
US authorises limited crude oil exports to Europe
The U.S. government has approved some new licenses to export crude oil to Europe for the first time after the country banned crude exports following the oil shocks of the 1970s. In December last year, Exxon Mobil Corp. joined Royal Dutch Shell and ConocoPhillips in publicly urging a repeal of the 1970s era federal law that strictly limits exports of domestic oil.
read more... 05/02/2014
Daily: European power prices firm alongside carbon prices
Brent crude oil registered at a three-month low on Tuesday, dragged down by the downturn in emerging markets, while U.S. crude settled higher, spurred by continued demand for heating fuels and the expectation of oil inventory figures to indicate a large draw from storage at the benchmark's delivery point, at Cushing, Oklahoma.
read more... 05/02/2014
CCS technology could help Britain to meet its carbon emission reduction target
A new report from the Trades Union Congress (TUC) indicates that a rapid development of carbon capture and storage (CCS) could help Britain to become self-sufficient again in terms of energy.
read more... 05/02/2014