Oil prices finished higher on Tuesday on expectations of OPEC output reduction, then continued gains in post-settlement trade after the American Petroleum Institute (API) indicated an unexpected draw in U.S. crude stockpiles last week. Brent crude rose 16 cents, or 0.3 percent, to settle at $51.68 a barrel. It climbed to as high as $52.15 after the API figures. U.S. West Texas Intermediate (WTI) crude closed the session up 35 cents, or 0.7 percent, at $50.29. In post-settlement trade, it hit $50.78.
read more... 19/10/2016
According to the latest report from the Global Wind Energy Council (GWEC), wind power is on the way to be the main engine for the global power sector's development, with possibility that it will generate almost 20% of world's electricity by 2030.
read more... 18/10/2016
A new study released today by US-based environmental organization the Natural Resources Defense Council (NRDC) finds that much of the biomass – such as that from forests –used in the UK could be generating higher emissions than coal and natural gas for decades.
read more... 18/10/2016
Norway’s energy regulator, the Norwegian Petroleum Directorate (NPD), said the subsidiary of the French giant Total found more gas while drilling a wildcat well in northeast part of the Martin Linge field, in the North Sea.
read more... 18/10/2016
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016