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Renewables cover record 44% of Northern Ireland's power demand in 12 months

Renewable energy sources in Northern Ireland met 44% of the country’s total power consumption in the 12 months to June 2019, setting an all-time record, new statistics show.

read more... 09/09/2019

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Romania - one of largest lignite producers in EU

Lignite consumption in the European Union has halved in recent decades, reaching 370 million tonnes in 2018 from about 700 million tonnes in 1990, Eurostat figures show on Friday.

read more... 27/08/2019

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Global oil consumption stagnates leaving prices under pressure

Global oil consumption has stalled since the middle of 2018, making lower oil prices inevitable despite the best efforts of Saudi Arabia and its allies to reduce production.

read more... 24/07/2019

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Daily (18.07.2019): French spot power price plunged by over 9% on Wednesday, amid stronger wind generation and falling consumption

Crude oil prices extended losses on Wednesday, following a higher-than-expected rise in the U.S. refined product inventories. At the same time, official data also showed that U.S. crude inventories fell more than anticipated. Against that background, Brent crude traded 1.1% lower at $63.66 a barrel, while WTI futures dropped by 1.5% $56.78 a barrel.

read more... 18/07/2019

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Daily (21.05.2019): European spot power prices soared by around 16% due to firmer consumption

Oil prices diverged on Monday. OPEC’s intention to maintain output cuts coupled with the escalating tensions in the Middle East sent WTI futures up by 0.5% at 63.10 USD/bbl. Meanwhile, Brent crude lost 0.3% to settle at 71.97 USD/bbl, influenced by the high level of global crude oil inventories.

read more... 21/05/2019

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