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Daily energy Overview, Thursday July 7, 2011
U.S. crude oil futures rebounded on Wednesday after API data indicated a more-than-expected fall in domestic crude inventories during the previous week, while Brent prices were almost steady after the news of latest interest rate raise in China and a downgrade of Portugal’s credit rating against the outlook for higher energy demand in the second half of 2011.
read more... 07/07/2011
Japan nuclear power to pass safety tests
All Japanese nuclear power stations will pass several safety tests as to lower concerns sparked after the nuclear crisis caused by a fatal combination between a tsunami and an earthquake. The government ordered new safety controls of all 54’country’s nuclear reactors, with less details revealed about.
read more... 07/07/2011
Overview of the Chinese coal market in 2010
World coal production is expected to rise considerably by 2027 to 5.1 billion tons. In 2008, the Chinese industrial sector consumed 22% of the global coal consumption and 41% of the world’s power production.
read more... 06/07/2011
German investors await British nuclear decision
German energy companies such as, EON and RWE, wait for a final political decision as to know how to proceed with its future investments into the construction of nuclear power plants in the UK. Meanwhile, German newspapers cited that the two German companies see the plans development costs as too high, expecting to invest 16 billion euros.
read more... 06/07/2011
Daily energy Overview, Tuesday, July 5, 2011
U.S. crude oil futures recovered after a long holiday weekend, increasing over 2 percent on Tuesday as commodities went up on demand optimism. U.S. crude oil for August delivery traded at 96.89 dollars a barrel, up 1.95 dollars after a trading range from 94.34 and 97.48 dollars, and having hit the highest value for front-month U.S. crude since June 15.
read more... 05/07/2011