Latest news
French government mulls a rescue plan for ailing Areva
The French government is envisaging reorganizing the nuclear industry in France, with cash injections into Areva, the company that builds nuclear power plants in the country.
read more... 16/06/2015
Daily: British prompt gas prices firm on higher demand, undersupply
Crude oil prices declined in agitated trading on Monday as the Greek debt crisis intensified concerns about demand for petroleum in Europe and as the U.N. launched talks to try to bring peace in Yemen, where Saudi Arabia, the de facto OPEC leader is engaged in a civil war. Expiring front-month Brent for July delivery lost $1.26 to settle at $62.61 a barrel. Brent for August delivery eased 69 cents to close at $63.95. WTI crude for July delivery decreased by 44 cents to settle at $59.52, after trading in a range of $58.73 to $59.98.
read more... 16/06/2015
South Korea to develop two 3,000 MW nuclear plants to cut coal reliance
The South Korea Government envisages increasing its nuclear reactor fleet by two more units, as the country wants to get rid of coal power and to focus on technologies with lower greenhouse gas emissions.
read more... 15/06/2015
Verbund CEO considers that electricity prices might double in long term
The chief executive of the utility Verbund focused on hydropower thinks that German-traded electricity tariffs might double to 60 euros ($67.08) per megawatt-hour (MWh) in the long term, as soon as German nuclear power plants go offline as scheduled.
read more... 15/06/2015
Daily: Crude oil prices gain ground on declining U.S. drilling activity
Crude oil futures eased on 12 June amid worries about the global oversupply, but ended higher for the week, supported by falling U.S. drilling activity. Brent crude for July delivery contract declined by $1.24, or 1.9%, to settle at $63.87 a barrel on 12 June. Prices climbed by about 0.8% for the week. US crude for July delivery fell 81 cents, or 1.3%, to end at $59.96 a barrel on Friday. Prices posted a 1.4% increase on the week.
read more... 15/06/2015