Latest news
Daily: British prompt gas plunge on ample supply
Crude oil prices rallied on Monday as the West increased pressure on Russia over its involvement in the downing of Malaysia passenger jet last week. Brent crude for September delivery increased by 44 cents to settle at $107.68 a barrel. Prompt U.S. oil for August delivery boosted by $1.46 to close at $104.59 a barrel, as traders rushed to cover positions ahead of Tuesday's expiration. WTI price for September delivery soared 91 cents to settle at $102.86 a barrel.
read more... 22/07/2014
EDF inks 20 year LNG deal with U.S. Cheniere Energy
French energy giant EDF entered into 20-year liquefied natural gas (LNG) sale and purchase deal with Cheniere Energy, Inc. in Texas.
read more... 21/07/2014
DECC: Investment in UK green energy sector reached almost £8bn in 2013
The investment in renewables in the UK hit record levels and is easily exceeding investment in shale gas and other forms of fossil fuels, according to a new report released by the Department of Energy and Climate Change (DECC).
read more... 18/07/2014
China is eyeing the construction of a floating liquefied natural gas vessel in South China Sea
China’s energy conglomerate CNOOC is considering the possibility of erecting a floating liquefied natural gas (FLNG) vessel, a revolutionary technology that will be able to produce gas from the deep waters of the South China Sea.
read more... 17/07/2014
Daily: British wholesale gas plunges for the second day on supply glut
U.S. crude oil recovered more than $1 on Wednesday, rebounding from recent straight falls after government data showed the country's crude inventories dipped considerably previous week. U.S. crude for August delivery rose by $1.24 to close at $101.20 a barrel, the highest level since July 10. The European benchmark, Brent contract for August delivery, which expired on Wednesday, fell 17 cents to settle at $105.85 a barrel. Brent price for September delivery augmented 29 cents ending at $107.17.
read more... 17/07/2014