Latest news
Japan to cut volumes of Iranian crude oil imports after April
Japan, the world's third largest oil consumer, announced that it is going to cut sharply its Iranian crude imports under new contracts to be concluded soon, following US and European sanctions over Tehran's nuclear programme.
read more... 09/04/2012
PetroChina exceeds Exxon Mobil as top oil producer
The Beijing oil company PetroChina became the world’s largest publicly-traded oil producer, making the American giant Exxon Mobil Corp. to rank behind the Chinese upstart in 2011.
read more... 02/04/2012
Iraq March crude exports rise to highest level since 1980
According to an Oil Ministry spokesman e-mailed statement, Iraq’s crude oil exports settled at their highest monthly level in March since 1980, with 71.827 million barrel exported and 8.475 billion dollars generated revenue. Iraq trades crude for 118 dollars a barrel.
read more... 02/04/2012
Germany confirms 7.5 GW of new solar installed in 2011
The earlier released reports by the German Federal Network Agency indicated that 3 GW of new solar power were installed in Germany in December alone, defining a monthly record in the Federal country. German Federal Network Agency confirmed earlier appraisal that in 2011, a 7.5GW capacity of solar was installed in Germany. This surpassed even the US total new installed capacity of 1,855 MW in 2011.
read more... 29/03/2012
China: CNOOC net profit jumps 29% in 2011
China National Offshore Oil Corporation Limited (CNOOC), the country’s top offshore oil producer, announced a 29% jump in its 2011 profit, posting a record-high of 70.26 billion yuan (11.17 billion U.S. dollars), compared with 54.41 billion yuan in the previous year, mainly due to increasing oil and gas prices.
read more... 29/03/2012