Latest news
Daily: Crude oil prices soar across both continents on strong equities, Ukraine unrest
Brent crude oil prices climbed on Tuesday on violent rapports in Crimea, while the American benchmark skyrocketed to its highest level in a week on strong build in U.S. equities. Brent crude oil rose by 55 cents to settle at $106.79 per barrel, after touching a six-week low on Monday. Meanwhile, its equivalent WTI oil benchmark closed $1.62 higher at $99.70 per barrel.
read more... 19/03/2014
EDF UK: returns on nuclear agreement likely to be much higher than usual
The EDF’s first nuclear reactor in Britain might generate for the French utility and the investors two-decade profits, supported by government, expected to be much higher than returns from other projects, as stated in a report.
read more... 18/03/2014
Gazprom intends to make contract adjustments so as to keep European customers
Russia’s major natural gas producer Gazprom plans to make modifications to contracts so as to preserve its European clients in spite of western sanctions on Russia over Ukraine, as stated in the newspaper Vedomosti on Monday.
read more... 18/03/2014
Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014
Britain: 12 GW of power plant capacity to be taken offline by the end of 2023
About 12 GW of power plant capacity might be taken offline in Britain by the end of 2023, because of tougher European Union pollution laws, according to Reuters estimates published on Wednesday. Britain’s main goal is to ascertain a varied, low-carbon and efficient energy mix so as to cut emissions and offer consumers the best transaction, as stated by a spokeswoman from the UK’s Department of Energy and Climate Change.
read more... 13/03/2014