According to the latest statistics released by the Department of Energy and Climate Change, consumption of coal in UK increased by 32.5% in 2012, reaching its highest level since 1996, while gas output fell by 33.8%, its lowest level since the same year. Coal power surpassed gas, becoming the biggest single source of UK electricity in 2012.
read more... 01/03/2013
A number of real and threatened supply problems are helping support oil prices this year, despite a weakening outlook for the world economy and slower growth in global fuel demand. More than 1 million barrels per day (bpd) of supply is estimated to be offline - 1.1% of daily world demand - including Libyan output yet to return to service.
read more... 26/02/2013
According to the Spanish grid operator Red Electrica de Espana, Spain’s monthly wind-power production surpassed 6 terawatt-hours, while in the last three months wind farms produced more electricity than any other power source in Spain for the first time ever.
read more... 05/02/2013
Norway, already the greatest producer of hydropower, which is getting the largest share of its electricity from hydropower- a full 95 percent, is planning to soar its annual production by 12% by 2020 following the country’s efforts to meet EU goals for higher energy output.
read more... 04/02/2013
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