Latest news
Increase in crude oil inventories
On Wednesday, U.S. crude stocks increased more than forecasted, while gasoline stocks registered a drop, according to Energy Information Administration.
read more... 13/05/2010
Solar electricity could reach 22 percent of global power supply by 2050
According to the International Energy Agency(IEA), solar electricity could provide up to a quarter of the world's power by 2050, thus cutting greenhouse gas emissions by almost 6 billion tonnes and reducing the dependence on fossil fuels, though government support is imperative in the next decade.
read more... 12/05/2010
The oil price decreases bellow $76 per barrel
On Wednesday, the oil price dropped again, this time bellow $76 per barrel, due to the worries concerning the incapacity of the emerging economies to compensate the cuts of the oil consumption during the debt crisis initiated in Europe.
read more... 12/05/2010
Oil price has exceeded $77
Oil price has recovered, reaching a level higher than $77, after the EU decided to insure themselves against new risks of insolvency, promising that energy demand will tend to increase.
read more... 10/05/2010
Gas trading volume doubled in Germany last year
According to British consultancy Prospex, German gas trading volume increased more than twice in 2009, reaching 955.2 TWh, up from 407.8 TWh in 2008, mainly due to faster merging of gas transmission zones.
read more... 07/05/2010