Power & Energy Commodity News

Power & Energy Commodity News from Commodities Now

The Greening of Brownfields

Houston, 12 March 2010

Getting power generation projects permitted is a headache. That includes wind and solar. But a clever idea is now making headway -- to place such green facilities on land that is now contaminated.

Oil falls after energy watchdog lifts forecasts

Source: Financial Times, 12th March 2010

Crude oil prices fell on Friday after disappointing US consumer confidence data while sugar prices managed a partial rebound after their pounding earlier this week.

Platts introduces World’s first daily metallurgical coal price assessments

London, 12 March 2010

Platts, the leading global energy and metals information provider, today announced it will launch the world’s first daily metallurgical coal assessments on March 15, 2010. The new daily assessments address miners’ and steel mills’ needs for an independent daily spot assessment in the burgeoning Asian market to better determine pricing for short- and long-term contracts.

UKWEC launched following Energy Institute/BEA merger

London, 12 March 2010

The Energy Institute (EI) has formally merged with the British Energy Association (BEA) to form UKWEC – the UK Member Committee of the World Energy Council (WEC). UKWEC will operate within the EI as a special network – membership of which provides companies and individuals with access to high profile seminars, as well as opportunities to contribute to WEC research activities and network with energy professionals across WEC’s global community of around 100 countries.

Oil rises after energy watchdog lifts forecasts

Source: Financial Times, 12th March 2010

Crude oil prices rose on Friday amid expectations for an improvement in demand growth this year while sugar prices managed a partial rebound after their pounding earlier this week.

Natural gas retreats on US stockpile data

Source: Financial Times, 11th March 2010

Trading in commodity markets appeared unusually subdued on Thursday as price volatility dropped amid concerns that China might have to tighten monetary policy to prevent its economy from overheating.

Oil edges lower while sugar steadies

Source: Financial Times, 11th March 2010

Trading in commodity markets appeared unusually subdued on Thursday as price volatility dropped amid concerns that China might have to tighten monetary policy to prevent its economy from overheating.

DME sees pricing shift to the Gulf

Houston, 10 March 2010

Middle East oil producers are showing increasing confidence in the fledgling Dubai Mercantile Exchange, coming around to the idea that the liquidity they hope to see may only develop after they shift their benchmark pricing, the exchange's chief executive said on Tuesday.

Gas – the most obvious climate measure

London, 11 March 2010

A stronger commitment to gas as a source of energy is the fastest, easiest way to reduce global greenhouse gas emissions. This was the clear message delivered by chief executive Helge Lund at the CERAWeek conference in Houston in the US on 10 March.

Shale gas could supply 100 yrs of consumption

Houston, 10 March 2010

The natural gas shale boom in North America has more than doubled discovered gas resources and can supply more than a century of consumption at current rates, an IHS CERA study released Wednesday claims.