Economy
British Gas announces 15% price hikes
Centrica, the owner of the UK’s biggest energy provider, British Gas, has announced double-digit price rises for its 13 million customers.
The company said both gas and electricity bills will go up by 15 per cent, increasing average annual bills for dual fuel customers up by £143 to £1,055.
For those customers paying by direct debit, the [...]
Energy deals take center stage in Putin’s trip to Bulgaria
Energy deals will take centre stage on the second day Friday of the visit to Bulgaria of Russian President Vladimir Putin amid criticism that while seeking to profit from the contracts, Bulgaria seals its total dependence on Russia for its energy sources.
Putin arrived Thursday evening on his second trip to Bulgaria that will most probably [...]
Consider This…
In early 2002, George Bush requested that the DOE and EIA conduct a joint study to see what would happen if the world temporarily lost 4% of its oil production due to a terrorist attack. The result? They estimated that crude prices would spike to over $130 per barrel (at the time, crude was trading [...]
Oil Prices Drop After Inventory Report
NEW YORK - Oil prices settled lower Wednesday after swelling gasoline supplies offset a tumble in crude oil stockpiles to their lowest level in more than three years.
Crude inventories fell 6.8 million barrels, or 2.3 percent, to 282.8 million barrels during the week ended Jan. 4, the Energy Department’s Energy Information Administration said in its [...]
