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Uniper question French market over coal exit

Uniper question French market over coal exit

German energy giant Uniper has warned that it would be forced to review its French business model if the country continues plans to close its coal fired power plants. “If the government simply pushes the idea of a coal exit through without consensus with the companies we need to rethink […]

Trans Mountain Expansion more expensive than expected

Trans Mountain Expansion more expensive than expected

Kinder Morgan Canada Ltd. documents have found the Trans Mountain Expansion project could cost more and take longer to complete than current estimates. A new report that was part of the Kinder Morgan’s sale of the project’s assets to the Canadian Government found that capital costs could increase by as […]

US reassessing Venezuela’s oil sanctions

US reassessing Venezuela’s oil sanctions

Despite increasing its grip over Venezuela in recent months, the US is said to be reducing its sanctions over the Venezuelan oil industry. Sources in Washington DC have said that the US will not look to further sanction the South American nation’s oil industry as it contributes such a large […]

Chinese coal imports at highest point since January 2014

Chinese coal imports at highest point since January 2014

Chinese coal imports have risen 14% to a four and a half year high due to higher temperatures boosting demand for coal to power air conditioners. The General Administration of Customs has said that imports in July had risen by 23.9% from last year to 29.01 million – the highest […]

British Gas hike energy bills by £44 in second 2018 rise

British Gas hike energy bills by £44 in second 2018 rise

British Gas will increase the average fuel bill of 3.5 million customers in its second price increase this year. The country’s largest energy supplier blamed the rising costs of wholesale energy prices for the 3.8% increase in standard variable tariffs (SVTs), which came just four months after April’s 5.5% rise, […]

US reduce crude production forecasts

US reduce crude production forecasts

The US has cut the growth rate of its crude oil production in 2018 from previous estimates amid reduced prices, according to a monthly US government report. Production in the US has significantly increased recently as a result of greater output from shale formations, but this growth has slowed following […]

Energy bills to rise for the vulnerable

Energy bills to rise for the vulnerable

Some of the UK’s most vulnerable households could see an increase of as much as £47 a year in their energy bills after Ofgem increased the cap on prices for the second time this year, as a result of higher wholesale costs. The UK industry regulator said the increase that […]