Latest news

Oil demand up 1.2 million bpd a year to 2016

According to IEA forecasting, the global oil demand will rise by an average of 1.2million barrels per day (bpd) or by 1.3 percent yearly from 2010 to 2016, with a continuous growth coming entirely from non-OECD countries.

read more... 17/06/2011


Daily energy Overview, Wednesday, June 15, 2011

Crude oil futures increased on Tuesday supported by U.S. and Chinese economic data that diminished some worries about oil demand. ICE Brent crude for July delivery traded at 120.16 dollars a barrel, up 1.06 dollars, after a trading range from 118.56 to 120.75 dollars and registering the utmost level since May 4, when Brent crude closed the session at 121.19 dollars.

read more... 15/06/2011


Daily energy Overview, Tuesday, June 14, 2011

U.S. crude oil futures traded down on Monday for a second consecutive session as a downgrade in credit ratings of Greece sparked worries about global economic growth and demand for oil. U.S. crude for July delivery traded at 97.30 dollars a barrel, down 1.99 dollars after a trading range between 96.13 and 99.32 dollars.

read more... 14/06/2011


European PV capacity to exceed 21 GW in 2011

In 2011, the photovoltaic market is predicted to add more than 21 GW of new PV capacity, increasing by around 14% as compared to 2010. As shown in the latest report revealed by IMS Research, prices for electricity generated from solar farms will go down enough to boost demand for other renewable sectors, mainly in Germany.

read more... 02/06/2011


Daily energy Overview, Friday, May27, 2011

U.S. crude oil prices went down more than 1 percent on Thursday on released data about a less increase in the US economy in the first quarter as it was expected on renewed concerns about oil demand. U.S. crude for July delivery traded at 100.23 dollars, down 1.09 dollars.

read more... 27/05/2011