Latest news
UK energy suppliers are culpable of wrong billing
According to the recent research performed by UK-based price comparison and switching website, nearly 27% of households have been billed incorrectly by their energy company in the last two years, with over 14% of households billed wrong more than once.
read more... 08/04/2011
Daily energy Overview, Thursday, April, 07, 2011
Oil prices increased on Wednesday supported by supply worries due to lasting unrest in Libya and Middle East countries, while investors disregarded government data about an increase of domestic crude inventories for the fifth consecutive week, higher than expected.
read more... 07/04/2011
Norway considers grid restructuration to fuel Arctic oil/gas hub
According to Norwegian grid operator Statnett declarations, the company eyes the restructuration of electricity supply to northern Norway, following the last week’s biggest discovery of up to half-a-billion barrels of oil in the Barents Sea.
read more... 07/04/2011
Daily energy Overview, Wednesday, April, 05, 2011
U.S. crude oil futures decreased on Tuesday after American Petroleum Institute announced that crude domestic stocks surprisingly dropped by 2.8 million barrels last week, even though an increase in supplies was expected. Crude for May delivery traded at 107.96, down 51 cents.
read more... 06/04/2011
Daily energy Overview, Tuesday, April, 05, 2011
Oil prices rose to their highest level in 2-1/2 years on Monday following increasing geopolitical worries because of turmoil situation in the Middle East and North African countries and election delays in Yemen. On NYMEX exchange bourse, crude for May delivery traded at 108.47 dollars a barrel, up 53 cents, having hit the utmost closing price for the front-month contract since September 22, 2008, when it valued 120.92 dollars. ICE Brent crude settled at 121.06 dollars a barrel, up 2 percent, in low liquidity, and marking the highest settlement since September 1, 2008, when it registered a value of 124.18 dollars.
read more... 05/04/2011