Latest news
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Daily: Brent crude trades higher on uncertainty about Libya port restart
Brent crude oil increased in the oscillating trading ahead of the January futures contract expiration on Monday, gaining support from uncertainty if oil ports in eastern Libya will resume exports. Meanwhile, U.S. crude futures dropped on Friday on expectations the Federal Reserve could announce a withdrawal of its bond-buying program as early as next week.
read more... 16/12/2013
Natural Gas to become world’s second main fuel
According to a new research made by ExxonMobil, the world’s largest oil and gas firm, in about eleven years gas will be the world’s second main fuel on an energy-equivalent basis, only behind oil. Natural gas will surpass coal as a global energy source in part because of the green benefits it offers.
read more... 13/12/2013
Daily: European coal continued to skyrocket on record imports in Germany
Brent crude oil futures declined by more than $1 on Thursday as traders expected a jump in Libyan oil supply and expectations increase that the U.S Federal Reserve would soon start to unroll its stimulus program, which has backed commodity prices.
read more... 13/12/2013
IEA: oil demand worldwide to grow considerably in 2014
According to IEA report, global oil demand in 2014 would grow at a faster rate than in 2013 thanks to accelerating world economic growth. The International Energy Agency issued a report according to which economic recovery in the advanced economies is probable to boost global oil demand.
read more... 12/12/2013