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U.S.: Oil production surpassed imports for the first time in nearly 20 years
According to federal officials, in October, the U.S. extracted more oil than imported, being an important highlight for a nation which tries to reduce reliance on imported foreign oil. Helped mainly by production from shale reserves and a consumption which remained relatively flat, domestic output hit 7.7 million barrels a day last month, against 7.6 million of imports, a 24-year high.
read more... 15/11/2013
EDF Energy the last to announce energy prices increases by 3.9%
EDF Energy has become the latest energy company to increase prices for its British customers, unveiling an average price increase of 3.9% on its dual tariff, warning that further increases may occur unless the government does not curb fees for social and environmental work.
read more... 15/11/2013
Daily: Brent crude boosted by Federal Reserve expectations
Brent crude oil prices boosted on Thursday, pushed up by disruption to Libyan output, while U.S. crude dropped as gasoline showed the largest gain of the day, but both markets received support from expectations that Federal Reserve would keep stimulus measures in place.
read more... 15/11/2013
Coal imports in Italy to stay flat this year
According to Italian Coal Association Assocarboni, the country’s thermal coal imports for this year are likely to stay steady at 19 million metric tonnes, with about 80% of imports coming from Indonesia, the US and South Africa.
read more... 14/11/2013
IEA: The future of renewables worldwide
The International Energy Agency has recently released its annual report on the world energy system, which forecasts that renewable energy sources will represent almost 50% of the increase in global electricity generation by 2035.
read more... 14/11/2013