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Daily: European forward power prices soar to six-week highs on higher gas, carbon prices
Crude oil prices tumbled declined for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that solid supplies will increase global stockpiles before investments cuts started to considerably sap production. Brent crude for March delivery dropped by $1.91, or 3.3 percent, to settle at $56.43 a barrel, having slipped as low as $56.11. WTI March crude futures fell $2.84, or 5.37 percent, to close at $50.02 a barrel, after declining to $49.86.
read more... 11/02/2015
Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.
read more... 19/01/2015
Daily: Crude oil prices tumbled 3% to five-year lows on IEA pessimistic forecasts
Crude oil markets declined 3 percent or more to tumble to a fresh five-year low on Friday on IEA’s forecast for even weaker oil prices, lower demand and robust supply in 2015. Benchmark Brent oil ended at below $62 a barrel and U.S. crude tumbled to under $58 to prolong Thursday’s decline below $60. Brent decreased $1.83, or nearly 3 percent, at $61.85 per barrel. It slumped to $61.35 during the session, the weakest level since July 2009. WTI crude slipped $2.14, or 3.6 percent, to close at $57.81. It dropped earlier to $57.34, its lowest since May 2009.
read more... 15/12/2014
Solar energy might dominate power by 2050
Solar energy might be the main source of electricity by 2050, supported by plunging costs of the equipment to generate it, as stated on Monday in a report from the International Energy Agency (IEA), the West's energy supervisory body.
read more... 30/09/2014
IEA slashes oil demand forecast for 2014-2015
Worldwide demand for oil was expected to escalate by 1.3 million barrels per day in 2015, a 30 percent increase as the economy improves in 2015, the Paris-based IEA said.
read more... 13/08/2014