energy prices

EnergyAustralia follows AGL by announcing electricity price hikes across the country – ABC News – 15/06/2017

A second major energy retailer has unveiled big price hikes in gas and electricity from next month, just one week after AGL announced increases of up to $600 a year in some states.

Source:  ABC News, 2017/06/15

By |June 15th, 2017|Categories: News|Tags: , , |

Mexico’s private sector calls for govt action amid fuel price hikes – BNamericas – 03/01/2017

The jarring hike in fuel prices starting this month, sparking widespread protests and public outrage, has led Mexico's private sector to call on the nation's institutions to more aggressively tackle the deficit, taking action on fiscal spending, monetary policy and policies addressing investment and employment.

Source:  BNamericas, 2017/01/03

By |January 5th, 2017|Categories: News|Tags: , , , |

Philippine foreign worker boom damped by energy price falls – FT – 04/12/2016

Remittance slowdown threatens to damage pillar of strong economic growth

Source:  FT, 2016/12/04

By |December 8th, 2016|Categories: News|Tags: , , , , |

Oil back above $50 as Opec agrees supply cut – FT – 30/11/2016

Compact to axe 1.2m b/d major policy reversal for Saudis. Saudi Arabia will shoulder the bulk of the production cuts, reducing output by almost 500,000 b/d to 10m b/d, while Kuwait, Qatar and the United Arab Emirates agreed to curbs of 300,000 b/d of production.

Source:  FT, 2016/11/30

Opec says progress made on output deal, but key questions unanswered – Energy Voice – 19/11/2016

OPEC said it made progress toward a deal to cut production by more than 1 million barrels a day after another round of oil talks with Russia, but left crucial details including the role of Iraq and Iran to be resolved later this month.

Source:  Energy Voice, 2016/11/19

By |November 24th, 2016|Categories: News|Tags: , , , , , , , |

Oil Price Will Rise Less Than Forecast, Says OPEC — Energy Journal – WSJ – 08/11/2016

Oil prices won’t rise as much as was previously forecast, the Organization of the Petroleum Exporting Countries said on Tuesday, as demand won’t rise as quickly as once thought, while petroleum supplies will be ample. In its annual World Oil Outlook, OPEC said prices would reach $60 a barrel by 2020. That is $20 a [...]

By |November 9th, 2016|Categories: News|Tags: , , , |

U.S.: Why the Country’s First Offshore Wind Farm Is Such a Big Deal – Fortune – 26/10/2016

Previous efforts to build wind farms off the East Coast have famously failed (Ted Kennedy helped torpedo one to protect the view from his Cape Cod estate), but there are now almost a dozen planned for the region. What changed? Over the past six years the price of wind energy has plummeted, finally becoming cost-competitive [...]

By |October 27th, 2016|Categories: News|Tags: , , , |

Oil Investors Ease Back as Market Steadies Before OPEC Talks – Bloomberg – 24/10/2016

Oil investors are playing it safe as OPEC hammers out the details of a deal to trim output. Money managers reduced bets on falling prices to the lowest since May as oil held above $50 a barrel, prolonging a rally that began when the Organization for Petroleum Exporting Countries announced a deal to cut production [...]

By |October 27th, 2016|Categories: News|Tags: , , , , , |

India: Coal Ministry opposes NITI Aayog’s draft Energy Policy – The Economic Times – 18/10/2016

Wary of losing Coal India’s pricing power, the Piyush Goyal-led Ministry of Coal has raised reservations over the draft National Energy Policy, which favours aligning domestic coal prices with international rates. The lack of consensus between the Centre and the ministry has delayed the policy, which has been in the works at NITI Aayog, the [...]

By |October 20th, 2016|Categories: News|Tags: , , , |

Azerbaijan diversifies economy as oil prices hit profits – Daily Sabah – 18/10/2016

By implementing serious reforms in all sectors of the economy, Azerbaijan's government promotes diversification in order to find ways to diversify its economy from oil to ensure faster growth

Source:  Daily Sabah, 2016/10/18

By |October 20th, 2016|Categories: News|Tags: , , |