Latest news
Daily – Europe spot power prices off on rising temperatures
Crude oil futures increased on Tuesday on rising economic confidence in Germany, a sharp increase in U.S. retail sales and U.S. Federal Reserve statement that will keep low interest rates at least through 2014. NYMEX crude for April delivery valued 106.71 dollars a barrel, gaining 37 cents after having traded between 105.67 and 107.35 dollars, while ICE Brent crude for April delivery traded at 126.22 dollars a barrel, up 88 cents after a trading range from 125.00 to 126.79 dollars.
read more... 14/03/2012
EDF announces increased UK profits due to nuclear output
The French energy giant, EDF has announced a huge jump in its profits, despite the 8% drop in UK gas and electricity sales.
read more... 21/02/2012
US to put a new lease of sale of the Gulf of Mexico blocks
Obama administration has decided to put a new lease of sale in the Gulf of Mexico with around 7250 offshore blocks for oil and gas exploration.
read more... 30/01/2012
British Gas to slash electricity prices by 5%
British Gas announced that it will slash the electricity prices by 5% in the next days, as result of falling wholesale prices, being followed by Scottish & Southern Electricity (SSE), which will cut its gas tariff by 4.5% starting from March, 26.
read more... 16/01/2012
Daily – oil up for the sixth day in line
Crude oil futures increased for the sixth day in line on Tuesday as Iran’s ready to stop oil moving in the Strait of Hormuz if foreign sanctions on Tehran’s oil sales are imposed added to concerns over other possible threats to the supply from the region.
read more... 28/12/2011