Energy Update
WASHINGTON, Jan 26 (Reuters) - The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets.
A narrow focus on levelized cost of electricity alone can be misleading when it comes to comparing the array of storage technologies available, according to a recent report by the World Energy Council.
Jan 26 (Reuters) - U.S. natural gas futures were on trading within a few cents of unchanged early on Tuesday for the fifth day in a row on forecasts for mixed, but still warmer-than-normal weather over the next two weeks. On its second-to-last day as the front month, February futures on the New York Mercantile Exchange were up 2.6 cents, or 1.2 percent, at $2.184 per million British thermal units at 9:09 a.m. EST (1409 GMT).
BRUSSELS, Jan 26 (Reuters) - The EU wants the power to review energy deals between member states and countries such as Russia before they are signed, the bloc's top energy official said on Tuesday, a move opposed by some states reluctant to cede control to Brussels.
Jan 26 (Reuters) - Diversified U.S.
MADRID, Jan 26 (Reuters) - Spain's Supreme Court sentenced the captain of the Prestige oil tanker, which sank off Spain's northwestern coast in 2002, covering thousands of kilometres of coastline in fuel oil, to two years in prison on Tuesday.
A new methodology is being developed that could maximize the chances of encountering a reservoir during geothermal surveys, according to the European Union's Community Research and Development Information Service (CORDIS).
Jan 26 (Reuters) - Diversified U.S.
The potential of renewable energy in India – and the price tag needed to realize it – was highlighted on Jan. 20 by a panel of energy and financing experts.
LONDON, Jan 26 (Reuters) - Headline 1: "On Thursday and Friday last week, the price of Brent crude surged more than 15 percent higher in one of the largest two-day moves on record."
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