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UK exports gas cheaper than it pays for imports
According to the Guardian newspaper, the UK is exporting gas at a lower price than it is importing the fuel. In the period between December 2011 and October 2012, gas was being exported to continental Europe when it would have carried a higher price in the UK, at the same time as the UK exported 15 times more gas through the gas interconnector running between the UK and Belgium than it imported.
read more... 08/02/2013
China’s consumption of coal nearly as much as the rest of the world altogether
According to the U.S. Energy Information Administration, China is now burning almost as much coal as the rest of the world combined, due to an increase of more than 200% in Chinese electric generation, in comparison to 2000 levels, fueled mostly by coal. Currently Chinese coal demand accounts about 47% of global consumption.
read more... 31/01/2013
Daily: European power prices tumble on strong wind power output
Brent crude prices increased on Tuesday, being supported by optimistic economic data and a weaker dollar that pushed up oil prices. Brent crude for March delivery climbed 88 cents or 0.78 percent, to settle at $114.36 a barrel, having traded from $113.07 to $114.49. Meanwhile, U.S. crude oil futures settled higher at $97.57 a barrel on Tuesday, up $1.13, backed by strong U.S. housing data which spurred the optimism about fuel demand.
read more... 30/01/2013
Daily: U.S. crude settles lower on German economic pessimistic data
Brent and U.S. crude oil futures declined in heavy trading on Tuesday, dragged down by German economic pessimistic data and worries about the U.S. debt ceiling debate which stocked fears about fuel demand. Crude prices were hit by data that German economy contracted by 0.5% in the fourth quarter, more than forecasted.
read more... 16/01/2013
Daily: European power prices decreased on a major wind power production in Germany
Crude oil was down on Thursday on concerns about looming U.S. budget discussions and signs of increasing anxiety by the U.S. Federal Reserve about buying bonds to spur economic growth. The U.S. budget crisis was under strongly surveillance by the oil markets , as well as steady problems in the euro zone, for signs over a possible decrease in fuel demand.
read more... 04/01/2013