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Iran’s new President in serious negotiations with the West to end nuclear dispute
After his victory at elections in June, Iran’s new President Hassan Rohani said that Iran was ready for serious talks over its nuclear program, in a move which aims to eliminate all sanctions in place against Iran. It added that he would not give up with Iran's rights, but he wants to alleviate Western worries.
read more... 15/08/2013
Daily: Brent hits 4-month high on escalating Middle East tensions
Brent crude prices boosted to a 4-month peak over $110 a barrel on Wednesday on concerns about supply disruptions in Libya and intensifying violence in Egypt. Brent for front-month September delivery, which expires on Thursday, traded 38 cents up to settle at $110.20 a barrel after hitting a new 4-month high of $110.30. The more actively traded October contract rose 34 cents to settle at $108.82. Meanwhile, September U.S. oil futures inched up 2 cents to settle at $106.85 after a day of choppy trading, reversing earlier losses of more than $1.
read more... 15/08/2013
China to lead the wind power market in 2020
Around the world wind power is emerging as a serious source of new clean energy. There is over 72 TW of energy available worldwide, just from wind. According to a report offered by GlobalData, China will remain the world's largest wind energy market for the rest of this decade.
read more... 15/08/2013
Rosneft and SOCAR to seal oil and gas cooperation deal
Russian crude oil giant, Rosneft on Tuesday sealed an oil and gas deal with Azerbaijan's state energy firm, SOCAR.
read more... 15/08/2013
E.ON gas discovery in the North Sea bigger than expected
E.ON has reported in a news release that its discovery in the UK North Sea could be larger than expected, being one of the major gas discoveries made in this part of North Sea in the last years. The Tolmount gas well is situated near existing gas infrastructure in the UK North Sea and was discovered in the second half of 2011.
read more... 14/08/2013