Latest news
National Grid forecasts lowest UK peak summer demand due to an increase in embedded PV installations
Power demand on Britain's grid is expected to reach a maximum of 37.5 gigawatts (GW) in summer 2015, the lowest ever forecast, due to an increase in embedded PV installations, as stated previously by National Grid.
read more... 12/05/2015
China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015
Lithuania thinks about re-exporting LNG since Russian gas becomes cheaper
Lithuania is envisaging to permit its liquefied natural gas import terminal to re-export LNG to global markets during summer when local demand drops, as stated by the facility's operator on Monday.
read more... 15/04/2015
UK peak summer electricity demand expected to be lowest ever
Power demand on Britain's grid is expected to attain a maximum of 37.5 gigawatts (GW) this summer, the lowest ever forecast, because of increased private utilization of solar installations, as stated by National Grid on Thursday.
read more... 10/04/2015
Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015