Latest news
Russia cuts off electricity supply to Belarus in the wave of its financial crisis
Russia's electricity export monopoly Inter RAO cut off electricity supply to Belarus at midnight on Wednesday, following a debt of 1.2-billion ruble ($43 million) accumulated for electricity supplied in March, April and May.
read more... 30/06/2011
Daily energy Overview, Wednesday, June 29, 2011
U.S. crude oil futures continued to increase in the post-settlement trading on Tuesday on industry data indicating a 2.7 million barrel drop in crude inventories last week. Meanwhile, ICE Brent crude oil futures traded up for a second consecutive day on Tuesday on hopes that Greek Parliament would approve an austerity plan to beat debt crisis, while dollar index weakened pushing investors to buy riskier assets.
read more... 29/06/2011
France to make a huge investment in nuclear energy
The French President, Nicolas Sarkozy has announced a major investment of $1.43-billion in nuclear energy on Monday, facing off the trend against nuclear power which has seized France's neighbors, Germany, Switzerland and Italy.
read more... 29/06/2011
Daily energy Overview, Tuesday, June 28, 2011
British gas prices increased on Monday afternoon on higher oil prices, though gains were expected to be short-lived as Euro zone debt worries persisted. By 16:00 GMT, gas for next winter delivery settled at 68.90 pence, up 0.70 pence, while gas for winter delivery in 2012 increased 0.40 pence to 71.40 pence.
read more... 28/06/2011
Daily energy Overview, Monday, June 27, 2011
Brent crude prices fell on Friday as Europe’s debt crisis supported the dollar index recovery, extending the drop in oil prices for a second day after the announcement of the International Energy Agency about tapping oil from strategic reserves. Brent’s premium to US crude dropped under $14 a barrel intraday, from above $19 on Wednesday.
read more... 27/06/2011