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Tag: energy

High energy prices threaten economic damage, but likely to continue: IEA

High energy prices threaten economic damage, but likely to continue: IEA

Business
Oct. 12 (UPI) -- Expensive energy, including the prices of oil, gas and coal at "multi-year" highs, pose a threat to economic growth worldwide, particularly to emerging market economies that are also seeing depreciations of their currencies, the International Energy Agency said Friday. The agency showed particular concern that with peaks in both crude oil production and crude oil demand, both at nearly 100 million barrels per day, the spare capacity of the world has been reduced "to only 2 percent of global demand." "This strain could be with us for some time and it will likely be accompanied by higher prices, however much we regret them and their potential negative impact on the global economy," the agency said in its report. "For many developing countries, higher international prices co...
Ofgem orders energy firms to improve complaints handling

Ofgem orders energy firms to improve complaints handling

Business
Energy regulator Ofgem has ordered 11 of the UK's biggest suppliers to improve how they deal with complaints.The regulator said it had "compliance cases" open against four companies over customer dissatisfaction with how they handled complaints.It has also asked another seven to improve their procedures.However, the chief executive of industry body Energy UK said suppliers' overall performance in dealing with consumers' problems was improving.Lawrence Slade pointed to Ofgem's own figures which showed that the number of complaints received by suppliers had nearly halved since 2014. However, when the regulator last carried out its complaint handling survey in 2016 only two firms were singled out for their performance. Following its latest survey, Ofgem has ...
Protein tricks muscle into burning more energy during exercise, cold

Protein tricks muscle into burning more energy during exercise, cold

Health
Sept. 11 (UPI) -- Researchers have figured out why people burn fat when they exercise or are cold: A small protein only found in muscles that heat up. Sarcolipin, the small peptide in muscles, boosts muscle energy expenditure and fat oxidization during exercise and cold exposure, according to researchers at the nonprofit Sanford Burnham Prebys Medical Discovery Institute in Orlando, Fla., who published their findings Tuesday in the journal Cell Report. Although skeletal muscle represents 40 percent to 50 percent of body mass, it consumes most of the glucose and fatty acids. "It has the ability to increase its energy expenditure 20- to 30-fold during intense exercise by stimulating insulin-independent glucose uptake and by switching to higher fatty acid uptake and oxidation," the authors w...
Highest energy bills to fall under regulator plan

Highest energy bills to fall under regulator plan

Business
Energy regulator Ofgem has announced plans for a new price cap that it says will save up to 11 million households on poor value supplier deals £75 on average. The industry watchdog's proposals would see energy suppliers being forced to cap their annual tariffs at £1,136 - a move that could save those on the worst deals up to £120 per year."The exact savings each individual household would make will depend on the price of their current deal, how much energy they use, whether they have both gas and electricity and how they pay for their energy," Ofgem said.The watchdog suggested that many consumers on default tariffs use more energy than a typical household, so their savings would be higher."Those who buy their electricity and gas from different suppliers woul...

Energy Sector Update for 08/15/2018: BP,EGN,MCF,CRZO

Finance
[unable to retrieve full-text content]Top Energy StocksTop Energy Stocks XOM 1 55 XOM 1 55 CVX 3 66 CVX 3 66 COP 5 71 COP 5 71 SLB 3 97 SLB 3 97 OXY 3 13 OXY 3 13 Energy stocks fell sharply lower this afternoon with the NYSE Energy Sector Index Wednesday falling over 3 2 while shares of energy companies in the S amp Latest Articles in