Latest news
CCS technology could help Britain to meet its carbon emission reduction target
A new report from the Trades Union Congress (TUC) indicates that a rapid development of carbon capture and storage (CCS) could help Britain to become self-sufficient again in terms of energy.
read more... 05/02/2014
Daily: European coal prices register few changes amid thin trading
Brent crude rose towards $113 a barrel on Wednesday, while the U.S. benchmark jumped more than $1 to a five-week high after news of the scheduled start of a vital pipeline helping to ease a supply blockage at the country's main oil storage hub.
read more... 05/12/2013
Daily: UK spot gas hits 8-month high on Norwegian supply disruption
U.S. oil futures increased more than $2 a barrel to hit a four-week high on Tuesday for a third straight session of gains as the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would deplete crude stocks at the giant storage hub. U.S. WTI crude boosted by $2.22 to settle at $96.04 a barrel, its biggest daily percentage gain since September 18. Meanwhile, Brent crude for January delivery increased $1.17 to settle at $112.62 a barrel, after earlier hitting an 11-week high of $112.93.
read more... 04/12/2013
Daily: British spot gas increase slightly on short system
British spot gas prices recorded a slow increase on Tuesday morning as the gas system was undersupplied following weaker imports from Norway and continental Europe and gas was withdrawn from the storage.
read more... 30/10/2013
UK Government will not subsidize new gas storage facilities
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 11/10/2013