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Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up
Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.
read more... 14/07/2017
UK's electric vehicles could reach a peak demand of 3.5GW by 2030
According to a long-term forecast by the National Grid, electric vehicles (EVs) could raise demand for electricity by 3.5GW by 2030, and by 18GW twenty years later, which equals to around six Hickley Point nuclear power stations.
read more... 13/07/2017
Daily (11.07.2017): British NBP spot price declined by 2.8% on Monday
Oil rose modestly on Monday, lifted by a healthy demand expected in the coming weeks. However, increased drilling activity in the US and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook. Brent crude rose by 0.36% to end at $46.88 a barrel, while the WTI price increased by 0.38% to $44.40 a barrel.
read more... 11/07/2017
French electricity demand boosted in May 2017 by public transport sector
On Monday, French grid network operator RTE announced in a monthly report about a 0.9% increase in electricity consumption in May, compared with the same period a year ago. The main factors were growing power consumption in the public transport sector and high cooling demand because of warmer weather.
read more... 28/06/2017
UK: Ofgem will reduce subsidies for small power generators
Britain’s energy regulator Ofgem declared on Tuesday it will cut subsidies to several small electricity producers that offer back-up during peak demand. According to Ofgem, this move would reduce household electricity bills by around 20 pounds a year, since the cost of the subsidies is included in overall network fees charged to power companies, which these pass on to consumers.
read more... 20/06/2017