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Daily: Oil prices increase on Keystone pipeline start
Crude oil prices ended higher, recording the largest gain in two weeks on Wednesday, following news that TransCanada Corp's Keystone XL Gulf Coast pipeline would start up by the end of the year. Meanwhile, U.S. oil futures rose $2.06 per barrel, or up 2.02 percent, at $104.10, after trading as high as $104.23. Brent boosted by $1.25 or 1.16 percent to close at $109.19.
read more... 03/10/2013
DECC: UK hits a new record high in renewable electricity generation in Q2 2013
UK’s electricity generation from renewable sources in the second quarter of this year hit a new record high of 15.5%, according to the figures provided by the Department of Energy and Climate Change (DECC).
read more... 02/10/2013
Coal to become the main fuel in Southeast Asia by 2035
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
China to become third largest producer of natural gas by 2035
According to Torstein Indreb, the secretary general of the International Gas Union, China is expected to become the world's third largest natural gas producer in 2035. For China, boosting domestic natural gas production would mean reduced dependency on costly imports in the form of liquefied natural gas or pipelines from Russia and central Asia.
read more... 02/10/2013
Daily: British wholesale gas boost on new gas year start
Brent crude dropped below$108 a barrel on Tuesday, trading near a 7-week low on the expectations for a U.S. government shutdown that could hurt oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear negotiations. Brent crude for November declined by 38 cents to $107.99 a barrel by 02:55 GMT. Meanwhile, U.S. crude settled at $101.95, down 38 cents.
read more... 02/10/2013