According to a new report recently released by the International Energy Agency (IEA) coal could become the world's top energy source by 2017 along with oil. The IEA expects an increase in coal demand all over the world except the US, where natural gas is replacing the black mineral as feedstock for the production of electricity.
read more... 09/08/2013
Spain's government intends to cut subsidies for renewable-energy suppliers and increase electricity bills as part of widespread reforms to its energy policy. The government had announced a series of actions intended at reducing the country’s tariff deficit, which amount to more than 26 billion euro, and has been accumulated as a result of a discrepancy between generating costs and electricity prices for consumers for a long period.
read more... 09/08/2013
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013
U.S. crude oil dipped for a fifth consecutive session on Thursday as speculative funds and traders held a record net long position, triggering a drastic price reversal late in the day.
read more... 09/08/2013
According to a recent report released by the International Energy Agency (IEA) global CO2 emission from energy consumption increased 1.4% last year to 31.6 billion tons. The energy sector accounts for more than two-thirds of greenhouse gas emissions.
read more... 08/08/2013