Latest news
Daily – spot power prices down on strong renewable power production
U.S. and Brent crude oil futures increased on Wednesday on hopes that Greece will avoid default through a pending debt restructuring which strengthened the euro and weakened the dollar and on supportive private sector U.S. jobs data. U.S. crude oil futures for April delivery traded at 106.16 dollars a barrel, gaining 1.46 dollars after a trading range between 104.35 and 106.28 dollars, while ICE Brent crude for April delivery valued 124.12 dollars a barrel, up 2.14 dollars after having traded between 121.99 and 124.35 dollars.
read more... 08/03/2012
Japan and Spain reduce Iranian oil imports
Some of the largest Iran's customer nations announced this week that had cut their Iranian oil imports. This is the first evidence that some of the largest Iran's customers are trying to reduce their reliance on Iran's oil imports, switching to Saudi crude, an oil producer rival.
read more... 07/03/2012
Daily – Power down on coming milder weather
WTi and Brent crude oil futures continued to go down in post-settlement trading on Tuesday following industry released data which indicated an increase in domestic crude stocks at 4.6 million barrels previous week, much more as predicted in a Reuters poll. By 21:36 GMT, WTi crude for April delivery traded at 104.74 dollars a barrel, down 1.98 dollars, while ICE Brent crude for April delivery settled at 122.14 dollars a barrel, losing 1.66 dollars.
read more... 07/03/2012
Npower reveals a 34% profit jump on higher energy bills
One of the “Big-six” energy suppliers Npower has recently revealed a 34% increase in its annual profits on higher energy bills.
read more... 07/03/2012
Iran continues to revenge halting oil supplies to other European countries
After having halted the oil supplies to France, Britain, Iran has also decided to stop oil exports to Belgium, the Czech Republic and the Netherlands, as reported the local media Mehr News Agency on Monday.
read more... 07/03/2012