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Wind power No. 1 in the USA in 2012
Last year, wind power became the number one source of new electricity generation capacity for the first time in the US, accounting about 43% of new electric additions with more than 13 GW added to the grid, nearly double compared to 2011.
read more... 07/08/2013
Daily: Crude oil slips on Iran’s president nuclear talks
Crude oil dropped around $1 a barrel on Tuesday on Iran’s new president initiative to negotiate with West over Tehran’s controversial nuclear program and following a slide of U.S. gasoline prices dragged down by a sell-off in ethanol credits. Meanwhile, U.S. oil declined $1.26 to settle at $105.30 per barrel, hitting a session low of $104.86 a barrel. Brent crude slipped 52 cents to close at $108.18 per barrel, having fallen to a low of $107.46.
read more... 07/08/2013
Germany: Green energy boom bedevils conventional power plants
German utilities are intensifying pressure on the government ahead of Federal elections due to be held in Germany on 22nd September to ease green policies that are hitting their profits.
read more... 07/08/2013
Oil giant BP could face 29 million dollars fine
The Federal Energy Regulatory Commission proposed to fine oil giant BP Plc with fines of about 29 million dollars and has ordered to BP to respond to accusations of natural gas market at the Houston Ship Channel manipulation, from mid-September to November in 2008, in a way designed to increase the value of the company’s financial position. The claims followed an investigation by officials from the regulator’s Office of Enforcement (OE). The allegations date back in 2011.
read more... 06/08/2013
Daily: British spot gas trades up on summer maintenance outages
Crude oil settled lower on Monday after hitting a four-month high last week on U.S. services sector growth. Brent and U.S. crude each declined more than $1 earlier in the session on Iranian new president attempts to warm relations with West. Brent crude dropped 25 cents to end at $108.70 a barrel after earlier dropping as much as $1.40 to $107.55. Meanwhile, U.S. crude oil futures declined 38 cents to settle at $106.56 a barrel after earlier falling to $105.70.
read more... 06/08/2013