Oil falls below US$57 as IEA say demand could be lowest since 1981
The Malaysian Insider Thu, 14 May 2009 02:43 AM PDT
LONDON, May 14 รข€" Oil fell below US$57 (RM203) a barrel today after the International Energy Agency (IEA) said global oil consumption will fall this year at the fastest rate since 1981. The Paris-based IEA, adviser to 28 industrialised nations, said the rise in oil prices to a six-month high above US$60 this week was due to sentiment rather than supply and demand fundamentals, with consumption ... |
National Grid full-year profit down 70 pct
INO News Thu, 14 May 2009 02:43 AM PDT
(AP:LONDON) National Grid PLC, which distributes energy in the United Kingdom and the northeastern United States, reported Thursday a 70 percent drop in full-year profit due to higher operating costs, partly caused by U.S. ice storms. |
Oil falls below $57 after IEA cuts demand forecast
The Globe and Mail Thu, 14 May 2009 02:41 AM PDT
LONDON (Reuters) - Oil fell below $57 a barrel on Thursday after the International Energy Agency (IEA) said global oil consumption will fall this year at the fastest rate since 1981. |
Times & Star
West Cumberland Times & Star Thu, 14 May 2009 02:40 AM PDT
PLANS are being made for a new Solway Firth wind farm which would cover an area almost twice the size of the Robin Rigg offshore turbines site. Energy company E.on wants to build up to 100 turbines off the West Cumbrian coast to generate enough energy to power 195,000 homes. |
European Stocks, U.S. Index Futures Fluctuate; Barclays Gains
Bloomberg Thu, 14 May 2009 02:38 AM PDT
May 14 (Bloomberg) -- European stocks and U.S. futures fluctuated as a rebound by banks from the steepest drop in six weeks offset declines by energy companies after oil fell for a second day and SBM Offshore NV posted a lower-than-expected profit forecast. |
UPDATE:World Demand Drop Near Bottom, Recovery Far Off-IEA
Nasdaq Thu, 14 May 2009 02:37 AM PDT
LONDON--The International Energy Agency on Thursday said the steep fall in global oil consumption may be nearing a bottom, but cautioned that any recovery in crude demand is still many months away and will be sluggish. |
Fat Spaniel aims to collar Spanish market
vnunet.com Thu, 14 May 2009 02:36 AM PDT
Danny Bradbury, BusinessGreen , Thursday 14 May 2009 at 10:18:00 Renewable energy monitoring specialist announces tie up with Spanish communications firm as it seeks to break into booming market Renewable energy monitoring and management firm Fat Spaniel has signed a deal with radio communications equipment firm SATEL Spain, which it hopes will help the company push into the booming... |
May 14, 2009 | 15:06 IST
India Infoline Thu, 14 May 2009 02:36 AM PDT
Oil prices declined for a second day in a row on Thursday after the International Energy Agency (IEA) lowered its forecast on 2009 global oil demand by 230,000 barrels per day (bpd) to 83.2mn bpd. This would be a 3% drop from 2008 levels and the sharpest single year's fall since 1981. |
World's Largest Windfarm Gets Green Light, an Industrial Info News Alert
Marketwire Thu, 14 May 2009 02:36 AM PDT
GALWAY, IRELAND--(Marketwire - May 14, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The world's largest planned offshore windfarm, the London Array, has been given the green light by key backers following a commitment by the U.K. government to offer better subsidies to investors. Danish company DONG Energy (Skaerbaek), Germany's E.ON AG (PINKSHEETS:EONGY) (Duesseldorf) ... |
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