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Daily: European power prices trade higher on higher consumption amid cold snap
Brent crude oil overturned early losses on Friday after hitting a two-month low near $105 a barrel, but remained on track to close down for the week as traders assessed the likelihood of a sustained recovery in supply from Libya.
read more... 20/01/2014
China: oil demand to lowest level in 5 years
Because of easing economic growth, China's oil consumption in 2013 registered the slowest growth in five years. According to Reuters calculations, China's oil demand grew 1.6% in 2013, the weakest yearly growth in five years, while in December, when it burned roughly 10.06 million barrels per day of oil, it registered a decrease of about 7.5% in comparison to the same period of a year before. For the whole of 2013, oil demand was about 9.78 million bpd, about 150,000 bpd higher than 2012.
read more... 20/01/2014
BP: world energy consumption to increase 41% by 2035
According to the BP Energy Outlook 2035, global energy consumption is likely to rise 41 per cent in the period from 2012 to 2035, a considerable decrease if compared to 55 per cent over the last 23 years and 30% over the last ten. 95% of that growth in demand is expected to come from the emerging economies as China and India, while energy consumption in the developed economies of North America, Europe and Asia is projected to register a very slow growth.
read more... 16/01/2014
Scotland’s renewable electricity production has reached record-high levels
According to the figures published by the Department of Energy and Climate Change( DECC), last year, renewables met a record-breaking 40.3% of gross electricity consumption, increasing in comparison to 36.3% in 2011 and 24.1% in 2010, confirming the Scottish Government believes that it is on course for half of electricity use to come from renewable sources by 2015, an interim target ahead of the goal of having the sector generate the equivalent of 100% of the country's electricity needs by 2020.
read more... 24/12/2013
What is the future of coal?
According to the U.S. Energy Information Administration, coal production is predicted to increase by 2.5% in 2014 or 1,033 million short tons more, while coal consumption is expected to continue to grow rapidly in emerging markets, with China alone commissioning about 600 GW of new coal-fired generating units by 2030.
read more... 23/12/2013