Latest news
Italian consortium to build a LNG terminal in the port of Monfalcone
A consortium of Italian companies is eyeing developing a liquefied natural gas (LNG) terminal in northeastern Italy, move which will help to decrease their energy costs.
read more... 11/02/2014
Is the US close to its energy independence?
Looking at the whole U.S. energy picture, which includes natural gas, coal, nuclear, crude oil and renewables, the country is close to being self-sufficient. As a result of the hydraulic fracturing and horizontal drilling, the U.S. is set to become the world’s largest oil and natural gas producer. The American energy boom is also drastically reducing oil and gas imports at a time when much of the world is becoming more reliant on energy imports.
read more... 10/02/2014
Daily: European coal prices tumble on milder weather, weaker demand
Crude oil prices climbed more than $2 to touch one-month highs on Friday, buoyed by a considerable increase in gasoline and heating oil as supplies eased and refiners closed plants for maintenance. Meanwhile, Brent crude oil futures closed $2.38 higher at $109.57, the highest level since January 2. U.S. crude settled up $2.04 to $99.88 a barrel, hitting its highest point since December 27. Brent- WTI spread extended 34 cents to $9.69 a barrel.
read more... 10/02/2014
UK: Cuadrilla unveils two fracking locations in Lancashire
The controversial shale-gas explorer, Cuadrilla, which hopes to exploit the UK’s shale gas resources, has unveiled two new exploration locations in Lancashire.
read more... 07/02/2014
Daily: European prompt power prices dragged down by warmer weather
Crude oil futures traded higher in Thursday, backed by optimistic U.S. economic data, an increase in U.S. gasoline futures and a strike at oil ports in France that blocked the oil hub Fos-Lavera, slashing supplies. Meanwhile, Brent crude traded nearly $1 higher above $107 a barrel, having hit a high of $107.30 earlier in the session following the ECB comments. U.S. crude rose 46 cents at $97.84 a barrel after increasing as high as $98.83.
read more... 07/02/2014