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Daily: European spot power prices climb on increasing consumption amid cold weather spell
Oil prices lost 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi reiterated that the kingdom will maintain output levels as the demand would capable to absorb the crude glut. Crude oil prolonged losses after settlement when an U.S. industry trade group API said domestic crude inventories escalated more than twice than expected by analysts. Benchmark Brent crude futures fell $1.42, or 4 percent, to settle at $33.27 a barrel, while U.S. crude futures declined $1.52, or 4.6 percent, to close at $31.87 a barrel.
read more... 24/02/2016
French energy law might shut down third of EDF
France's energy transition law could oblige state-controlled utility EDF to shut down around a third of its 58 nuclear reactors by 2025, the state audit office declared in its yearly report on Wednesday. The Cour des Comptes predicts that the projected reduction of the share of nuclear in French energy output to 50 percent by 2025 from over 75 percent now might lead to the closure of 17 to 20 reactors if electricity consumption and exports stay at present levels.
read more... 11/02/2016
Daily: European electricity spot prices soar on higher consumption in France, lower wind power output
WTI crude prices declined 2 percent on Wednesday as inventories at the main U.S. delivery point at Cushing, Oklahoma touched record highs following production cuts at refineries, while Brent boosted for the first time in five days on global production reduction outlook. U.S. crude eased 49 cents, or 1.8 percent, to close at $27.45 a barrel. It soared more than $1 earlier before plunging to near 12-year lows on the EIA data. Brent crude rose 52 cents, or 1.7 percent, to settle at $30.84 a barrel. It was Brent's first increase since February 2.
read more... 11/02/2016
China’s oil consumption hiked 2.5% in 2015 despite economic slowdown
China’s oil consumption bounced 2.5% in 2015 on strong gasoline and kerosene demand, despite a slowing economy and declining demand for other commodities such as coal and steel.
read more... 20/01/2016
The most used energy sources in the world
The world’s most used energy sources based on the share of each source to global energy consumption in the past five decades according to BP’s assessments is listed by Energy Business Review.
read more... 22/12/2015