Update On The Power Market For 28th August 2015
UK gas and power prices have changed little since they reached their annual low last week (17.08. – 23.08.2015). This is due to a good current supply as well as a low summer demand. What also prevents prices from increasing is the good supply of LNG. In August, a total of nine tankers of LNG […]
Update on the Power Market for 14th August 2015
China has devalued its currency, the Yuan, therefore meaning that the cost for imported crude oil for China has increased. Due to China being one of the world’s largest energy consumers it will affect prices across the global energy market. There are still economic concerns around Greece which is further adding to the weak price […]
Rise of global energy demand
The 2015 BP Energy Outlook 2035 predicts an average rise of 1.4% in global energy demand a year, which is 37% from 2013 to 2035. This growth is mainly driven by China and India. According to the Outlook, the global energy demand growth is not uniform. E.g. in the EU the energy consumption declines. Furthermore, […]
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