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Daily: U.S. crude oil up on supply disruption concerns
U.S. crude oil futures ended considerably higher on Friday, reversing five days of losses in the largest one-day percentage gain in a week following signs of increasing Chinese demand and concerns about supply disruptions in the North Sea and the Middle East. Brent crude recovered from closing at its lowest level in more than a month in the previous session, but the trading was more active in the New York market.
read more... 12/08/2013
IEA: Coal demand will continue to grow in the next years to come
According to a new report recently released by the International Energy Agency (IEA) coal could become the world's top energy source by 2017 along with oil. The IEA expects an increase in coal demand all over the world except the US, where natural gas is replacing the black mineral as feedstock for the production of electricity.
read more... 09/08/2013
Spain envisages 2.7 billion euro cuts in subsidies
Spain's government intends to cut subsidies for renewable-energy suppliers and increase electricity bills as part of widespread reforms to its energy policy. The government had announced a series of actions intended at reducing the country’s tariff deficit, which amount to more than 26 billion euro, and has been accumulated as a result of a discrepancy between generating costs and electricity prices for consumers for a long period.
read more... 09/08/2013
Gas-fired plants face profit squeezes and opportunistic investment
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013
Daily: Crude oil dips for 5th consecutive session
U.S. crude oil dipped for a fifth consecutive session on Thursday as speculative funds and traders held a record net long position, triggering a drastic price reversal late in the day.
read more... 09/08/2013