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Daily energy Overview, Wednesday, July 20, 2011
U.S. crude oil futures pared gains in the post-settlement trading on Tuesday after industry data indicated a huge drop in domestic crude inventories last week. By 20:35 GMT, U.S. crude for August delivery settled at 98.05 dollars a barrel, up 2.12 dollars.
read more... 20/07/2011
The UK parliament ratifies the program for building new nuclear plants
On Monday, July 18, the British parliament voted through the Coalition's National Policy Statement for nuclear power, ratifying the program for new generation of British nuclear power stations, following the review of electricity market reform white paper.
read more... 20/07/2011
Daily energy Overview, Tuesday, July 19, 2011
U.S. and Brent crude oil futures sank on Monday following a sudden drop in prices supported by rising worries about a dissonant debt crisis in the euro zone and a hot dispute in the United States. By 14:15 GMT, NYMEX crude for August delivery valued 95.10 dollars a barrel, down 2.14 dollars, having hit in an earlier trading a high value of 97.69 dollars. ICE Brent for September delivery settled at 116.05 dollars, down 1.21 dollars after a trading range from 114.66 to 117.80 dollars.
read more... 19/07/2011
Daily energy Overview, Monday, July 18, 2011
U.S. crude oil futures continued to rise on Friday as weaker dollar sparked more worries and as investors covered short positions before the weekend. NYMEX crude for August delivery settled at 97.49 dollars a barrel, up 1.80 dollars, after having hit earlier a high session level of 97.74 dollars.
read more... 18/07/2011
UK publishes a new electricity market reform
Yesterday, the U.K. government released its long-awaited Energy Market Reform White Paper which will decide the future of the energy industry for the next 20 years.
read more... 13/07/2011