Latest news
Daily: UK gas prices the lowest level in the last 7 weeks on an oversupplied system
Brent crude decreased 2 cents at $112.16 per barrel at 10:22 GMT, while U.S. crude was down 8 cents at $100.24. The contract broke above the $100-mark on Friday for the first time since the end of October. U.S. crude oil stocks fell by 4.7 million barrels last week as the Gulf Coast continued to shed inventories, even as U.S. oil production reached a 25-year high. While the spread between the two benchmarks widened on Monday to around $12, it is expected to narrow as the Keystone XL pipeline is set to start operations in the United States.
read more... 30/12/2013
Gazprom and Wintershall sign basic agreement on asset swap
Gazprom and Wintershall have signed an agreement regarding the asset swap between the two companies. The world’s largest gas producer acquired 50% shares in UK and Dutch gas fields operated by Wintershall, as part of a Master Agreement to exchange assets with the German firm.
read more... 30/12/2013
Switzerland to close its Muehleberg nuclear plant by 2019
Following the March 2011 Fukushima nuclear disaster, the Swiss government has decided to phase out nuclear power as an energy source for electricity generation and to look more towards energy efficiency and renewables.
read more... 27/12/2013
Daily: UK prompt gas prices increase on Belgium flows halt
Brent crude traded below $112 a barrel on Thursday, holding near a three-week high hit earlier in the session, as civil unrest in Africa slashed supply.
read more... 27/12/2013
UK makes public its final Electricity Market Reform plan
The Government has published its package of measures which are aimed at spurring £110 billion (EUR 131 billion) of investment in the energy market and would support 250,000 jobs by 2020. The Electricity Market Reform (EMR) Delivery Plan sets out DECC’s final decision on strike prices for Contracts for Difference (CfDs) for renewable technologies.
read more... 23/12/2013