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Daily- NYMEX crude futures up for a second day on unexpected fall in US crude oil inventories
Crude oil Brent futures were steady above $116 a barrel on Wednesday, prompted by falling inventories in the United States and as uncertainty over Greece's ability to resolve its debt problems weighed on sentiment.
read more... 08/02/2012
Siemens: Saudi Arabia to boost power generation
The German multinational conglomerate company Siemens has received another major order from the combined cycle power plant (CCPP) in Saudi Arabia, IPP Qurayyah, involving the supply of key components worth over $1 billion.
read more... 08/02/2012
EIA: US gas production to increase by 2.3 % in 2012
In its February Short-Term Energy Outlook, the US Energy Information Administration on Tuesday slightly boosted its forecast for domestic natural gas production growth in 2012, expecting output this year to be 2.3% higher from 2011's record levels.
read more... 08/02/2012
Is Europe well supplied with gas to overcome the cold snap?
Gas supplies to the frozen European Union from Russia improved at the weekend but have not fully recovered, the European Commission said, as Italy convened a crisis committee to handle what it called critical shortages of Russian gas.
read more... 08/02/2012
Daily- French spot power prices near 28-months high on cold spell in Europe
Brent crude futures increased above $116 per barrel settling to a six-month high on Tuesday following a cold spell in Europe and supply tensions following threats from Iran to put embargo on oil exports to European states which overshadowed fears that Greece’s debt was aggravating.
read more... 07/02/2012