Latest news
Daily: British natural gas prices increase on nuclear plant outages, weak power output
Crude oil prices dropped more than $2 a barrel on both sides of the Atlantic on Thursday, dragged down by bearish economic data insinuating weakening oil demand and solid supplies. Brent crude for delivery in September closed down $2.27 at $102.01 after plunging to a low of $101.92, the lowest level since July 2013. Brent crude for October delivery fell $2.99 to settle at $102.07.
read more... 15/08/2014
Germany: RWE to mothball another 1, 000 MW of capacity
RWE AG, Germany’s second-largest utility, decided to mothball 1, 000 MW of plant capacity, citing low demand for electricity which made the plants unprofitable.
read more... 14/08/2014
UK wind power hits a new record in August
This past Sunday night, at about 10 pm local time, the UK’s wind energy industry set a fresh hourly output record, delivering an average of 5 GW of power over the hour and covering 17 per cent of national demand, according to trade association RenewableUK.
read more... 13/08/2014
IEA slashes oil demand forecast for 2014-2015
Worldwide demand for oil was expected to escalate by 1.3 million barrels per day in 2015, a 30 percent increase as the economy improves in 2015, the Paris-based IEA said.
read more... 13/08/2014
Daily: British prompt gas prices climb despite weak demand, supply glut
British natural gas prices for delivery next winter increased by 2 percent Thursday morning, spurred by fears that intensifying tension between Russia and Europe could trigger gas supply disruption later in the year.
read more... 08/08/2014