Crude oil fell for a third day on concern that fuel demand will drop as the swine-flu outbreak curtails travel and delays a recovery from the global recession. Oil, gold and copper declined yesterday as the World Health Organization raised its global pandemic alert to the highest since the warning system was adopted in 2005,… Continue Reading »
Read More →One of the biggest renewable energy manufacturers in Britain announced on Tuesday it is to cut more than half its UK jobs, blaming the government for failing to support the sector. In a grave blow to the government’s ambitions to create a “green” export industry, Vestas, the world’s biggest maker of wind turbines, will axe… Continue Reading »
Read More →Crude oil fell for a second day, dropping below $50 a barrel, on concern that the swine-flu outbreak will curtail travel and delay a recovery from the global recession. Oil declined as the World Health Organization raised its global pandemic alert to the highest since the warning system was adopted in 2005, saying the disease… Continue Reading »
Read More →Scottish & Southern Energy has agreed a five-year coal supply agreement with UK Coal for its West Yorkshire power station to keep transport costs down. The recent installation of flue gas desulphurisation equipment at the Ferrybridge power station means the UK’s higher-sulphur coal can be used to generate power but SSE opted to take supplies… Continue Reading »
Read More →Cambridge Econometrics predicted carbon dioxide emissions will fall by around three per cent a year in 2009 and 2010 as a result of less economic activity and more use of gas instead of coal to produce electricity. However the continued reliance on coal and gas-fired power stations will mean emissions fall more slowly over the… Continue Reading »
Read More →Despite a steady drumbeat of poor financial news, investors continued to prop up oil prices Thursday, betting the global economy would turn around this year.Benchmark crude for May delivery rose 82 cents to $50.07 a barrel on the New York Mercantile Exchange. In London, Brent prices gained $1.21 at $53.00 a barrel on the ICE… Continue Reading »
Read More →The price of oil has risen sharply after big rises in US stock markets fuelled cautious optimism about the global economic outlook. The price of US light crude rose $2.74, or 5.5%, to $52.12 a barrel. London Brent oil climbed $2.50 to $54.09. The price rises were sparked by a sharp rally on Wall Street,… Continue Reading »
Read More →UK power for next-month delivery found support from early gas bullishness Wednesday before ticking lower to trade flat with Tuesday’s close, as power fundamentals took over, traders said. Baseload power for May found support at its opening price of GBP38/MWh but edged down to GBP36.50/MWh by noon local time (11:00 GMT), level-pegging with Tuesday. May… Continue Reading »
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