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Daily: Crude oil dips to four-year low on inventory surge in the U.S.
Crude oil prices declined more than 3 percent to four-year lows on Thursday, with Brent plunging below $80 a barrel, after an inventory hike at the delivery point for U.S. crude agitated traders already preoccupied about an oil glut. Brent fell $2.46, or 3.1 percent, to settle at $77.92 a barrel, after hitting a September 2010 low of $77.83. WTI crude closed down $2.97, or 3.9 percent, at $74.21.
read more... 14/11/2014
Lithuania will pay at least 10 % more for Norwegian LNG than for Russian gas
Lithuania will pay for liquefied natural gas (LNG) imported from Norway minimum 10 percent more than for Russian pipeline gas in 2015, as stated by a state-owned LNG importer on Thursday.
read more... 14/11/2014
Germany envisages tax concession to improve energy efficiency and reduce emissions
Germany envisages tax concessions of 1 billion euros ($1.3 billion) in order to raise the energy efficiency of buildings and increase sales of electric cars, in a move to aid Europe's largest economy meet CO2 emissions objectives, as indicated in a policy document.
read more... 13/11/2014
Record number of UK electricity consumers switch to small suppliers
Britain's little energy suppliers registered a record number of new electricity users in October, industry data indicated, since households ready for the winter season when utility bills usually increase.
read more... 13/11/2014
Daily: British wholesale gas prices increase on reduced flows, short system
Brent crude dropped below $80 a barrel on Wednesday for the first time since 2010, dragged down by technical selling, pressure from dollar appreciation and after Saudi Arabia’s oil minister hesitated to say if the kingdom supports a production cut at OPEC's meeting on November 27. Brent crude reached a session low of $79.84, its lowest level since September 2010, before closing down $1.29 at $80.38. After settlement, Brent declined below $80 again. WTI crude hit a session low of $76.63, then closed down 76 cents at $77.18.
read more... 13/11/2014