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Daily energy Overview, Tuesday, July 5, 2011
U.S. crude oil futures recovered after a long holiday weekend, increasing over 2 percent on Tuesday as commodities went up on demand optimism. U.S. crude oil for August delivery traded at 96.89 dollars a barrel, up 1.95 dollars after a trading range from 94.34 and 97.48 dollars, and having hit the highest value for front-month U.S. crude since June 15.
read more... 05/07/2011
Explosion at a French nuclear power plant
An explosion occurred at the Tricastin Nuclear power plant on Saturday; just two days after the French nuclear safety regulators discovered 32 safety concerns at the plant. The explosion took place in an electric transformer placed in the non-nuclear part of the plant and no leak of radiation was found.
read more... 05/07/2011
Daily energy Overview, Monday, July 4, 2011
Crude oil futures decreased on Friday after three days of gains as low Chinese factory data raised concerns over demand, while a report on stronger US manufacturing activity supported the market. U.S. crude oil futures for August delivery traded at 94.94 dollars a barrel, down 48 cents after a trading range from 93.45 to 95.39 dollars, while ICE Brent for August delivery settled at 111.77 dollars a barrel, down 71 cents after a trading range between 109.50 and 112.48 dollars.
read more... 04/07/2011
Duke Energy asks for a 17 % increase on North Caroline households
Duke Energy Corp. addressed a request to the North Carolina regulators asking to increase power prices for households by 17%, and to 11.5 % for its allowed rate of return on shareholder, a change that would add around 19 dollars to the monthly power bills. This move will increase company’s revenue by 646 million dollars.
read more... 04/07/2011
Daily energy Overview, Friday, July 01, 2011
U.S. crude futures increased on Thursday, but closed the month down 7 percent and the quarter down by more than 10 percent registering the lowest level of the quarter since the fourth quarter of 2008. U.S. crude for August delivery rose for a third day and traded at 95.42 dollars a barrel, lifting 65 cents after a trading range from 93.88 to 95.82 dollars.
read more... 01/07/2011