Latest news
Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Oil prices drop since U.S. stockpiles seen increasing
Oil prices dropped on Tuesday on expectations of another increase in U.S. stockpiles and since Saudi Arabia maintains production near record highs, but prices stayed close to a 2015 peak attained last week.
read more... 21/04/2015
Norway suggests electricity utility unbundling
Norway wishes utilities to split their distribution and production operations, in a step towards grid consolidation, as stated by the oil and energy ministry on Wednesday.
read more... 16/04/2015
Daily: European spot power prices diverge on weaker French nuclear, stronger German wind output
Crude oil futures boosted on Tuesday on evidence of declining oil production in North Dakota, depreciation of dollar and turmoil in the Middle East, especially in Yemen. Brent crude firmed by 50 cents to settle at $58.43 a barrel, ahead of Wednesday's May contract expiration, closing just above its $58.40 100-day moving average. WTI crude for May delivery climbed $1.38 to close at $53.29, soaring above its 100-day moving average of $52.96.
read more... 15/04/2015
Oil discovery near Gatwick airport raises UK’s oil production hopes
A small British oil producer declared it had found a potential world class oil resource in the countryside to the south of London that might hold billions of barrels of oil.
read more... 10/04/2015