Latest news
UK’s Centrica to strike the first LNG deal with U.S.
Centrica, UK’s biggest household energy supplier envisages signing a long-term LNG import deal with U.S. companies, as UK is facing difficulties finding new natural gas supply sources to meet its increasing import demand as global price variations and new gas discoveries are favoring carrying the gas to Asia instead of Europe.
read more... 11/03/2013
IAEA: World nuclear power capacity increases in 2012 after Fukushima meltdown
World nuclear power generation recorded a slight increase in 2012, after a decline in the previous year aftermath the Fukushima catastrophe in Japan, according to a new report released by UN atomic agency (IAEA).
read more... 07/03/2013
Daily: UK wholesale gas prices drop, but still high as the system eases
Brent crude oil futures for April delivery boosted $1.52 per barrel to settle at $111.61 on Tuesday, breaking a five-day losing strip, mainly prompted by North Sea supply disruptions, optimism over Chinese demand growth after the country targeted 7.5 percent GDP growth this year and a significant increase in U.S. equities.
read more... 06/03/2013
UK: Gas prices hit 5 year highs
UK gas prices hit a five year high on Monday as unexpected stoppages at North Sea facilities sparked worries about the risk to power supplies. Within-day gas prices traded as high as 120 pence per therm, as the system was undersupplied by roughly 60 million cubic meters per day.
read more... 05/03/2013
Daily: UK spot gas settles up on less supply from Norway, Belgium
Brent and U.S. crude oil futures dropped on Friday, marking the lowest levels in six weeks and since early December respectively. Brent crude slipped by 98 cents to settle at $110.41 a barrel on Friday, after having fluctuated between $111.36 and $109.82 during the session, while U.S. crude oil futures for April delivery shed $1.37 on Friday to settle at $90.68 a barrel.
read more... 04/03/2013