Latest news
China is officially the world’s biggest oil importer
According to US government data, China has become the largest importer of oil in the world, determined by strong economic growth and great auto sales.
read more... 15/10/2013
Daily: European prompt power soars on higher demand expectations
U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.
read more... 15/10/2013
Daily: European power prices increased on lower wind production
Brent crude oil futures decreased below 111 dollars on Friday, due to improved supplies which counterbalanced optimism for a possible end to the U.S government shutdown. Brent oil was down 77 cents at $111.28 per barrel at 1415 GMT, while U.S. crude decreased $1.75 at $101.26 per barrel, on track for its fourth weekly decline in five weeks.
read more... 14/10/2013
Daily: European spot power declines on weaker demand, German curve tumble
Brent crude oil futures increased to about $3 per barrel, ending with their biggest gain in more than a month on Thursday, on increasing hopes for a deal to prolong funding of the U.S. government and on worries about supplies from Libya and the Middle East.
read more... 11/10/2013
China unveils a mega coal gasification project
China unveiled a mega coal gasification project which will be able to turn coal into natural gas as part of a strategy to increase energy efficiency and curb reliance on oil and gas imports.
read more... 10/10/2013