Latest news
Dong Energy to gain territory on the UK gas market
The Danish energy giant DONG Energy signed an agreement with Shell Gas Direct, a branch of the energy group Royal Dutch Shell which provides the purchase of Shell’s industrial and commercial gas business in the UK, for £30 million.
read more... 19/10/2011
UK’s inflation at a 3-year high on higher energy tariffs
According to the Office for National Statistics, the Consumer Prices Index (CPI) inflation in UK soared to 5.2pc in September due to higher gas and electricity prices, hitting a 3-year high.
read more... 19/10/2011
Daily – oil up on strong decrease in US stockpiles
American crude stocks decreased last week versus increase in imports, announced American Petroleum Institute on Tuesday. Crude imports eased 337,000 barrel per day to 8.94 million bpd. Gasoline stocks decreased 1.6 million barrel, more than the 1.3 million barrel predicted by analysts, while distillate went down 2.2 million barrels, against analysts forecast about a 1.5 million barrel drop.
read more... 19/10/2011
Ofgem proposes simpler energy tariffs
The UK’s state energy regulator, the Office of Gas and Electricity Markets requested to reform the energy retail market including simpler energy standard tariffs.
read more... 18/10/2011
Nabucco denies the rumors of postponement
According to the recent declarations of one of the shareholders in the Nabucco project, the pipeline which aims to reduce the European dependence on Russian gas, may deliver its first gas in 2018, a year later than anticipated.
read more... 17/10/2011