Latest news
IEA: Coal demand will continue to grow in the next years to come
According to a new report recently released by the International Energy Agency (IEA) coal could become the world's top energy source by 2017 along with oil. The IEA expects an increase in coal demand all over the world except the US, where natural gas is replacing the black mineral as feedstock for the production of electricity.
read more... 18/04/2013
Daily: European carbon prices near collapse after the European Parliament vote
Crude oil prices slipped for a sixth consecutive session on Wednesday, with Brent crude dropping below $98 per barrel for the first time since July as increased U.S. fuel supplies weighted on overall concern about world oil demand. Meanwhile, Brent crude dropped $2.22 at $97.69, after declining earlier to $97.26, the lowest level since July 2012. U.S. crude settled down $2.04 to $86.68.
read more... 18/04/2013
E.ON has started production at Huntington field
Production at the Huntington oil and gas field in the North Sea has successfully started and signs an important step for E.ON's upstream business as the field will significantly increase the company's overall production and contribute to a substantial increase in cash flow.
read more... 17/04/2013
Daily: German power curve at new lows after CO2 draft rejection
Brent crude dropped below $100 a barrel for the first time in nine months in heavy trading on Tuesday, extending losses, dragged down by data from China and the U.S. that indicated weak growth in global oil demand.
read more... 17/04/2013
Daily: UK spot gas price down as warmer weather cuts demand
Brent crude oil futures for May delivery, which are expiring soon, dropped more than 2 percent on Monday following data showing weaker Chinese economic growth, which reinforced fears about world economy and demand for oil. Meanwhile, Brent May crude dropped $2.72, or 2.64 percent, to settle at $100.39 a barrel, having fluctuated from $100.02 to $103.09. Brent crude for June delivery declined $2.41 to settle at $100.63 a barrel.
read more... 16/04/2013