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Daily: European spot power prices trade higher on weak German wind power output
Crude oil boosted on Wednesday backed by a considerable increase in U.S. gasoline stocks, encouraged by gains in the stock market and heavy spread trading. Brent crude for August delivery rose 40 cents to settle at $101.66 a barrel, while U.S. crude traded 18 cents up to settle at $95.50 a barrel. The Brent benchmark traded down 8.5 percent for the quarter, its third quarterly consecutive loss, having declined after Fed Chairman Ben Bernanke performed a roadmap last week to slow bond buying and on concerns about an economic slowdown in China.
read more... 27/06/2013
Daily: European power prices ease on less demand, reasonable output
Brent oil crude futures dropped on Monday after last week’s weaker data continued to have impact over a market weakened following public holidays in the United States and Britain.
read more... 28/05/2013
DECC: UK’s oil and gas output down in 2012
New annual statistics offered by the Department of Energy and Climate Change revealed that UK’s oil and gas output dropped by 10.3% in 2012 to 122.9 million tons of oil equivalent.
read more... 29/04/2013
China’s wind power output up 41% in 2012
According to National Energy Administration, China has registered a 41% increase in the production of wind power in 2012. The Asian nation has produced 100.8 billion kilowatt-hours of wind power last year, while in 2011 it produced 71.5 billion kilowatt-hours.
read more... 11/04/2013
Ireland reached new record level of wind output
According to the Irish Wind Energy Association, Ireland has currently reached a record level of wind power output of about 1,540 MW, corresponding to about 36% of the demand, which should be enough to power with electricity about 1 million households. The record was achieved at the same time as a new all-island record was also set for energy generation, with levels reaching 1,917MW on the island of Ireland, which should be enough to power more than 1,246,000 homes. The statistics also show that the average wind contribution on this day was almost 40% of system require.
read more... 29/03/2013