Latest news
EIA: U.S. crude oil output to hit an unprecedented high of 9.5 million bpd
U.S. oil production is expected to hit an unprecedented high by 2016, with 9.5 million barrels per day, near the all-time high set in the boom of 1970, according to the Annual Energy Outlook, released by U.S. Energy Information Administration (EIA).
read more... 17/12/2013
Daily: European carbon allowances at the seven day low despite price support plan
Brent crude oil increased by 1.5 percent on Monday, backed by expectations for rising demand that emerged from stronger European economic data, while supplies from Libya remained considerably reduced.
read more... 17/12/2013
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Coal consumption in the EU decreased 8 % in comparison to 2012 levels
In the first half of 2013 coal consumption in the EU decreased 8 % in comparison to 2012.
read more... 16/12/2013
Argyll Array: High costs kill off another giant offshore wind farm project
Scottish Power has decided to scrap its plans to build the £5.4bn world's largest offshore wind farm, after four years of planning, citing it as “not financially viable". Some other challenges the project is facing with is tricky ground and wave conditions and the presence of protected sharks.
read more... 16/12/2013