The most volatile oil market in almost six years is set to continue seesawing as a global glut that drove prices lower last year persists for at least the first half of 2015. ›
Asian spot liquefied natural gas (LNG) prices slipped to a discount to European prices for the first time since 2011, as weak demand weighed, traders said on Friday. ›
The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship are generally price-indexed to crude oil, meaning that falling oil prices have led to a comparable drop in LNG prices. ›
Austria is to launch a legal challenge against the European Union’s (EU) decision to allow billions of pounds of subsidies for Hinkley Point C, casting fresh doubt over the UK’s first planned nuclear reactors in 20 years. ›
Oil futures rallied on Friday after the International Energy Agency said a price recovery might be in sight. ›
The price of carbon emission permits in EU member states is forecast to rise on average by 62 percent in 2015 as part of steps taken by the Union to end the over-supply of carbon allowances which has led to increased pollution. ›
European coal prices fell to the lowest in at least seven years as the cost of mining and shipping the fuel dropped and demand from China is forecast to decline. ›
European natural gas traders are bearish on U.K. prices for a third week, with warmer-than-usual weather meaning most of the country will probably have a fourth Christmas without snow. ›
Prompt UK natural gas prices were firmer on Friday as expectations that cooler weather this weekend will drive up energy demand were only slightly tempered by an oversupplied system. ›
All but one of Britain’s ageing fleet of nuclear reactors will have to be closed down within 15 years due to concerns over their economic viability or safety, a panel of experts has warned. ›
