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Daily Energy Market Overview 10.11.2010

Oil was up at $83 per barrel on Monday. At 06:46 GMT, U.S. crude for November increased at $83.16 per barrel, while ICE Brent climbed to $84.58 per barrel.

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Potential for wind power in Brazil.

The second ethanol producer in the world, Brazil wants to develop its alternative sector as wind in the northern part of the country shows immense potential.

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South Africa seeks coal plant alternative.

South Africa wants to reduce the importance of coal in the country, which accounts for almost all of its electricity supply, to 48 percent.

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Azerbaijan delays decision for Shah Deniz II gas fields.

Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.

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Daily Energy Market Overview 10.08.2010

Oil changed a little on Friday. At 06:36 GMT, U.S. crude for November dropped $0.03 arriving at $81.64 per barrel, while ICE Brent for November climbed to $83.51 per barrel.

read more... 08/10/2010

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