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Daily: Brent crude prices rocket 2.5 pct on Libya output decline
Brent crude futures rocketed 2.5 percent on Monday following Libya’s oil exports reduction, while the U.S. dollar rose, but held close to a nine-month low against a basket of currencies as Fed policy continued to ascertain the greenback's trend.
read more... 29/10/2013
Fossil fuel energy consumption: between past and future
For the past couple of hundred years we have come to rely more and more on fossil fuels. Fossil fuels were and would continue to be an important source of energy worldwide. About 87 percent of the world's energy consumption is currently based on fossil fuels and is expected that they will continue that trend, accounting for 80% of all energy supply by 2040.
read more... 29/10/2013
Sweden prefers renewables to nuclear
Recently Sweden's energy minister, Anna-Karin Hatt, has announced that the government will not subsidize new nuclear power plants, favoring renewable investments. Electricity production in Sweden is dominated by nuclear power and renewables, which currently make about equal contributions to energy production- about 40%.
read more... 28/10/2013
Poland: coal demand could be reduced by 50% by 2030
Poland is one of the fastest-growing economies in the European Union and the power that drives it comes from the dirtiest of fossil fuels- coal. But, according to a new study made by researchers in Germany and Poland, renewable energy groups and environmental group Greenpeace, Poland could reduce by almost 50% its demand for coal by 2030 shifting to wind, solar, hydro, biomass and geothermal energies.
read more... 28/10/2013
Russian Novatek launches gas production at Urengoyskoye field
Russian independent natural gas producer Novatek unveiled it begun the production at the Urengoyskoye field at company’s Olimpiysky license block, in the Yamalo-Nenets region.
read more... 28/10/2013