Latest news
Scotland hit a renewable generation record in 2014
Scotland consumed almost 50% of electricity generated by renewables last year, meeting its green energy targets.
read more... 24/12/2015
Daily: European forward power prices sink on lower spot demand due to milder weather
WTI crude rebounded by about 2 percent on Monday, recovering modestly from 11-year lows. Both global benchmark Brent and WTI crude have declined aftermath an OPEC meeting on December 4 which resulted in removed production ceiling, worsening the global crude oversupply. Brent futures for January delivery shed 1 cent to settle at $37.92 a barrel. U.S. crude increased 69 cents, or 1.94 percent, to close at $36.31.
read more... 15/12/2015
Daily: Crude oil prices collapse for a fourth consecutive day
Crude oil prices plunged for a fourth day in row on Wednesday after the market neglected an unexpected decline in U.S. crude inventories to focus on a hike in distillates, including diesel, which rose two times more than expected. Brent crude decreased by 15 cents to settle at $40.11 a barrel, after touching a near seven-year low at $39.57. The benchmark has lost $3.73, or 8.5 percent, since Thursday, after the OPEC meeting on Friday. U.S. West Texas Intermediate (WTI) crude ended the session down 35 cents at $37.16.
read more... 10/12/2015
Total, Goldman Sachs: Oil and gas prices likely to fall further in 2016
The oil prices are not likely to recover in 2016, according to declarations made by France’s Total and Goldman Sachs at a time when Brent crude plunged below $42/barrel following OPEC 168th meeting which did not yielded any production cuts.
read more... 09/12/2015
Daily: Oil futures soar ahead of OPEC meeting
Crude oil prices hiked on Thursday, on expectations of a possible reduction in production from the OPEC and the U.S dollar weakness helped crude oil to rebound by nearly 3% of a decline that dragged the WTI below $40 a barrel. On the New York Mercantile Exchange, WTI crude for delivery on January rose $1.14, or 2.9%, to close at $41.08 a barrel. Brent crude for January delivery increased by $1.35, or 3.2%, to close at $43.84 a barrel on London’s ICE Futures exchange.
read more... 04/12/2015