Pressure is mounting on energy suppliers to cut retail gas prices following a steep decline in wholesale prices this year amid weakened demand. Gas for immediate delivery dropped below 33p per therm on Wednesday, less than half its peak of 74p last September, having declined rapidly this month as the weather turned warmer. Read the [...]
Click here to read more from EDF Energy….. Click here to read more from ‘New Energy Focus’…..
Britain is threatened by an “energy crunch” with disastrous social and economic consequences because of the impact of the financial crisis on the industry’s investment plans, a committee of MPs has warned. The Commons’ business and enterprise committee said just as the government had intervened to support the banks, it needed to step in to [...]
With the financial market in turmoil and businesses finding it difficult to obtain funding, the media focus has tended to ignore the energy sector in recent weeks. However, there have been some interesting and dramatic events taking place, all of which will have a major impact on small businesses. The difficult trading conditions in the [...]
Merrill warns oil prices could fall to $25 Merrill Lynch warned that oil prices could fall as low as $25 a barrel next year if the recession affecting the US, Europe and Japan extended to China, the main driver of demand growth in commodity markets in recent years. Francisco Blanch, head of commodities research at [...]