Energy Sector

Average gas prices in San Diego dropped for 4th successive day

According to latest statistics released by the AAA and Oil Price Information Service (OPIS), the average price of one gallon of regular gasoline in San Diego witnessed a decline on Sunday; thereby marking the fourth consecutive fall in gas prices.

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Global oil prices plunged on Thursday

On Thursday, global oil prices witnessed a fall, prompting the analysts to point out that the factors which apparently led to the slide in oil prices included the anxiety of the traders over poor economic data, a potential end to US stimulus measures, and indications of lower-than-anticipated demand for American crude.

wirtschaft: 

AAA: Gas prices in US have increased for 31 days straight

In a recent report about the latest trend in gasoline prices in the US, the AAA has revealed that gas prices in the country have witnessed an increase for 31 days straight. Specifically, the AAA figures have revealed that, over a stretch of 31 days, there has been an approximately 13 percent increase - to $3.714 - in the average price for one gallon of regular unleaded gas.

wirtschaft: 

Average US price of one gallon of gasoline increased 25 cents in two weeks

According to a Lundberg Survey report released on Sunday, the last two weeks witnessed nearly a quarter per gallon increase in the US gasoline prices, largely because of refinery shutdowns and a rise in crude oil prices.

wirtschaft: 

Solidarity: Electricity price hikes in SA driven by Eskom's monopoly

With utility provider Eskom and the National Energy Regulator of South Africa (Nersa) presently involved in relentless efforts to ascertain what can be deemed as an "appropriate" increase in electricity tariffs over the next five-year period, Solidarity has asserted that Nersa's final decision on Eskom's MYPD3 application will be a decision which South Africa will not be able to refuse.

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Department of Energy confirms January cyber attack

In an email sent to its employees on Friday, Department of Energy (DOE) revealed that a cyber attack had targeted the department in mid-January; as a result of which the personal details of "several hundred" employees as well as contractors had been compromised.

wirtschaft: 

Ground mounted 3.5 megawatt PV system with Suntech panels completed in Saudi Arabia

According to reports, Saudi Arabia - which plans to generate at least one-third of its electricity from solar energy by the year 2032 - has completed a 3.5 megawatt ground mounted photovoltaic ("PV") system, featuring panels from Suntech Power Holdings Company.

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Chamber of Mines: Economic impact of Eskom’s proposals is “substantially negative”

At the National Energy Regulator of SA (Nersa) hearing in Midrand on Thursday, the Chamber of Mines said that Eskom's tariff-hike proposal - for a 16 increase in electricity prices every year over the next five-year period - showed that the utility was apparently more focused on its own credit rating instead of the larger interests of South Africa.

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