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British Gas to cut gas prices by 5% on continuing volatility of wholesale prices
Britain's biggest energy supplier British Gas announced it will cut by 5% annual gas bills for 7 million of households, blaming falling wholesale costs.
read more... 20/01/2015
Daily: Crude oil down $1 on economic concerns in China, Iraqi oil output record
Brent crude oil prices slipped below $49 a barrel and U.S. crude also declined more than $1 on Monday on pessimistic global economic outlook and as Iraqi oil production hit a record.
read more... 20/01/2015
FEE: France reaches 1GW of new wind capacity in 2014
France was the latest European country to unveil a milestone in its wind industry during 2014, as it hit over 1GW of new wind capacity, according to data from France's wind energy trade body, France Énergie Éolienne (FEE).
read more... 20/01/2015
Japan to reorganize its nuclear power business
Japan Atomic Power Company is eyeing splitting itself into two regional units, seeking to rebuild its business to focus on the decommissioning of nuclear reactors, according to the Nikkei business daily.
read more... 19/01/2015
Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.
read more... 19/01/2015