Latest news
UK: break-up threat for six energy companies
Six major energy firms in Britain are likely to face the threat of split-up this week. The companies are expected to be consigned by their energy regulator Ofgem to the new Competition and Markets Authority (CMA), as published in the Sunday Times.
read more... 24/03/2014
Romania will raise gas prices in April
Regulated natural gas prices in Romania will see an increase of 2% for households and 5% for industrial consumers starting from April, as part of a broader plan to liberalize energy markets, as stated on Thursday by Nicolae Havrilet, the chief of energy regulator ANRE. He also declared that electricity prices will remain stable.
read more... 21/03/2014
UK: 100 billion pounds more investment needed so as to meet 2020 carbon targets
Around 8 to 10 billion pounds are being annually spent for low-carbon energy in Great Britain, or a total of maximum 100 billion pounds over a 10-year period, which is less than half of the level estimated to be invested for attaining 2020 carbon targets, as stated by lawmakers on Thursday.
read more... 07/03/2014
Daily: Crude oil prices soar to five-month highs amid escalating tension in Ukraine
Crude oil prices surged by more than $2 a barrel on Monday to hit the highest level since September on escalating tensions between Ukraine and Russia which shook oil markets. Ukraine mobilized its army reserves as Russia seized control of the Black Sea region of Crimea.
read more... 04/03/2014
Daily: Crude oil plummets on Chinese economy downturn, increase in U.S. crude inventories
Crude oil prices ended lower on Tuesday, dragged down by signs of a downturn in Chinese economy and an increase in U.S. crude inventories for the second consecutive week. However, Brent crude losses were capped by endless production outage in Libya and South Soudan, whereas U.S. light crude was pulled down by plummeting gasoline future prices amid weaker demand for the fuel.
read more... 26/02/2014