Latest news

Daily Energy Overview, Monday, March, 14, 2011

U.S. and Brent crude oil futures traded down for a fourth day in five on Friday after the enormous earthquake in Japan and spread worries about a lower oil demand from the third largest oil consumer in the world.

read more... 14/03/2011

news

Iceland’s geothermal energy to Europe through the longest sub-sea electric cable in the world

The Iceland’s state energy company, Landsvirkjun plans to manufacture the longest sub-sea electric cable in the world that could allow Iceland to export its abundance of geothermal energy to interested European countries. This is not a “knowhow” in the renewable energy industry with the first researches undertaken since 1980.

read more... 14/03/2011

news

Exxon to increase its crude output by spending $100 million a day

Exxon Mobile Corp. declared that they plan to spend $100 million each day for the next five years on capital projects like new oil wells and natural gas plants.

read more... 14/03/2011

news

Japan disaster leads to falling oil prices

Crude oil prices felt following Japan’s strongest earthquake record, shaking whole oil markets and raising concerns about weakening world demand.

read more... 14/03/2011

news

Daily Energy Overview, Friday, March 11, 2011

Brent and U.S. crude traded higher on Thursday settling almost 2 dollars over last trading session supported by the protests in Saudi Arabia that boosted Brent and U.S. crude prices. ICE Brent crude for April delivery lost 51 cents being traded at 115.43 dollars a barrel, after registering a trade between 113.52 and 116.55 dollars supported by strengthening the dollar’s index.

read more... 11/03/2011

news