Latest news
China may face the worst power shortage this summer since 2004
According to a report by China Daily newspaper, China may face the biggest power shortage since 2004 this summer estimated to about 30 million kilowatts as the electricity consumption expanded very fast in recent years, along with the country’s economic boom with demand this year expected to increase of about 12 percent from last year to 4.7 trillion KW.
read more... 18/05/2011
Daily energy Overview, Tuesday, May 17, 2011
U.S. crude oil futures ended lower on Monday pressured by gasoline futures that shed below 3 dollars a gallon for the first time since mid-March. U.S. crude for June delivery traded at 97.37 dollars a barrel, down 2.28 dollars, after a trading range between 96.90 and 99.65 dollars. Meanwhile, ICE Brent crude for delivery in June settled at 112.73 dollars, down 1.10 dollars, after a trading range from 112.00 and 114.00 dollars.
read more... 17/05/2011
The new U.K. electricity reform may cover nuclear subsidy
The Energy and Climate Change Committee (ECCC) warned the new planned electricity reform in U.K. is hiding a subsidiary system for the nuclear industry.
read more... 17/05/2011
France’s Fessenheim nuclear plant may be halted following the Swiss request
The authorities in northwestern Swiss regions neighboring France have called for French Fessenheim nuclear plant activity closure because of its age and its location in a seismic area until its safety is verified. The request appeared as a result of the catastrophe at the Fukushima nuclear power plant in Japan.
read more... 17/05/2011
Daily energy Overview, Monday 16, 2011
Crude oil futures increased on Friday after dollar increase and on the news that Muammar Gaddafi has been wounded. U.S. crude for delivery in June traded at 99.65 dollars a barrel, up 68 cents, while ICE Brent for June delivery traded at 113.83 dollars, up 85 cents, after a trading range between 111.72 and 114.92 dollars.
read more... 16/05/2011