Latest news
Daily: British gas prices remain high on production outages
Crude oil prices increased on Wednesday in choppy trading as U.S. oil for heating hiked on declining distillate inventories, while increasing crude oil stockpiles in the U.S. and the firmer dollar capped gains.
read more... 28/03/2013
EU is on the pace to dismiss its 2020 renewable energy target
The EU's overall goal of increasing the role of renewable energy to 20% of consumption in 2020, with each member country having its specific one, is still unachievable, the European Union's executive body declared on Wednesday.
read more... 28/03/2013
US emissions are declining
Emissions of carbon dioxide in the United States are declining; meanwhile coal and shale gas exports are increasing sharply causing a further darkening of skies over Europe and Asia. According to figures showed by EIA, US coal exports reached a record of more than 115 million tons in 2012, more than double if compared to 2009 figures, and a 17% increase over the previous year.
read more... 27/03/2013
Daily: Crude oil prices up on positive US data
Brent crude hiked late on Tuesday and settled over than $1 above $109 a barrel, following a surge of U.S. crude to a five-week high above $96 a barrel, pushed up by stronger manufacturing and housing data in the Unites States. Meanwhile, U.S. crude settled up $1.53 at $96.34 a barrel, its highest closing price level since February 19. Brent's premium to U.S. crude narrowed to as little as $12.52 a barrel at one point, the smallest in eight months.
read more... 27/03/2013
Bulgaria to switch off 40% of wind, solar power capacity
The Bulgarian authorities will switch off about 40% of its wind and solar power plants in order to equilibrate a power system in danger of instability following a considerable excess of capacity after a drop in consumption and exports.
read more... 27/03/2013