Latest news
National Grid mulls sale of UK gas distribution arm
UK’s National Grid is planning to sell a majority stake in its British gas distribution business, which could yield £10billion ($15 billion) in an auction with foreign investors.
read more... 10/11/2015
Ineos inks US shale gas ethane agreement with Exxon and Shell in Scotland
Ineos, owner of Scotland's Grangemouth petrodoil refinery, has signed an agreement with subsidiaries of ExxonMobil and Shell to provide ethane derived from U.S. shale gas which it is to import into Scotland to their neighboring chemical plant, as stated by the company on Monday.
read more... 10/11/2015
Daily: European power diverge on robust wind supply in Germany, higher consumption in France
Crude oil prices declined as much as 1 percent on Monday, prolonging losses for a consecutive day, dragged down by new stockpile hike at the delivery point for U.S. crude futures and lower Wall Street share prices. On Monday, the front-month in Brent crude futures fell 23 cents, or 0.5 percent, to close at $47.19 a barrel. West Texas Intermediate (WTI) dropped 42 cents, or 1 percent, to settle at $43.87.
read more... 10/11/2015
Germany's EnBW increases German retail electricity prices next year
Germany's third-largest utility EnBW declared on Monday it will increase retail power prices for the majority of the customers by 2.4 percent from Jan. 1, 2016, quoting higher network charges and a rising share of state-induced charges.
read more... 10/11/2015
World coal consumption - less than ever
Global consumption of coal, the most polluting fuel has registered its biggest decline in history.
read more... 09/11/2015