Latest news
New England electricity grid informs about winter natural gas restrictions
New England must have sufficient power to satisfy demand this winter but the natural gas pipeline restrictions that led to price increases on the coldest days last winter will be a worry again this year, as stated by the region's electricity grid operator on Thursday.
read more... 21/11/2014
Daily: European power prices plunge tracking weak carbon prices
Crude oil prices soared on Thursday, recovering after a three-day loss, as upbeat U.S. economic data supported crude markets, but focus persisted on whether OPEC will curb output to halt a five-month long selloff. Benchmark Brent oil increased $1.23 to settle at $79.33 a barrel, after hitting a session high of $79.46. U.S. crude boosted $1 to close at $75.58 after an intraday peak of $75.76.
read more... 21/11/2014
Ineos intends to invest $1 billion in UK shale gas
Swiss chemicals group Ineos announced on Thursday about its intention to spend $1 billion for shale gas exploration in Britain, aiming to follow the U.S. shale expansion in one of few European countries to support contentious fracking technology.
read more... 21/11/2014
Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014
Shell to return to Norway’s Ormen Lange gas project in the first quarter of 2016
Oil and gas giant Royal Dutch Shell might resume operations on offshore compression at its Ormen Lange gas field in Norway in the first quarter of 2016, after quitting the project in April, as stated by the company on Wednesday.
read more... 20/11/2014