Energy News

Johannesburg - South Africa's state-owned utility Eskom said Friday it has managed to meet electricity demand, a day after declaring a power emergency, plunging the country into darkness.

London - Global oil prices were stable on Friday before the publication of key monthly US jobs data, while investors kept an eye on the crisis in Ukraine's Crimean peninsula, analysts said.New York's main contract, West Texas Intermediate (WTI) for delivery in ...

Shenzhen - China's first-ever default on a domestic corporate bond, expected Friday, has sparked legal action by investors owed interest payments from a solar company, their lawyer said.Shanghai-based Chaori Solar Energy Science & Technology Co.

London - Global oil prices diverged Thursday amid data showing weaker US energy demand as Russia comes under international pressure following its seizure of Ukraine's Crimea peninsula, analysts said.New York's main contract, West Texas Intermediate (WTI) for Ap...

Johannesburg - South Africa imposed rolling power cuts for the first time since 2008 on Thursday as it struggled to cope with coal shortages and technical problems caused by recent heavy rains.State-owned electricity firm Eskom said incessant downpours over the past ...

Johannesburg - South Africa's state-owned utility on Thursday declared an energy emergency, warning of possible blackouts after coal shortages and technical problems seriously reduced generation capacity."Eskom has declared an emergency at 06:00 (0400 GMT) this morni...

Washington - The US Supreme Court ruled Wednesday that Argentina must pay British company BG Group $185 million for losses arising from the country's 2001-2002 economic crisis.The US high court endorsed a lower court's ruling in the case that a US-based tribunal ha...

New York - ExxonMobil Wednesday cut its forecast for oil and gas production after a number of major projects hit snags in the ramp-up phase.The US oil giant now projects that petroleum output will hit 4.3 million barrels per day in 2017.While that is higher than ...

Paris - Europe may be consuming more Russian natural gas, but it is less exposed to a possible cut of supplies through Ukraine thanks to new pipelines and an exceptionally warm winter.Russia's intervention in the Ukraine crisis has raised concerns of a cut in ...

Brussels - The European Union will help Ukraine pay the $2.0 billion it owes to Russian gas giant Gazprom, a top official said Tuesday, as part of an aid package reportedly worth more than one billion euros.EU Energy Commissioner Guenther Oettinger said that "pay...