Latest news
Iraq increases estimate oil reserves.
The oil minister of Iraq declared that it has increased its estimate of the oil reserves to 143.1 billion barrels, a 24 percent rise. Although many analysts think that this number may be inflated for a variety of reasons.
read more... 05/10/2010
Daily Energy Market Overview 10.04.2010
Oil was up on Monday, hitting two months high. At 13:31 GMT, U.S. crude increased by $0.37 to $81.95 per barrel, after registering $82.21 per barrel earlier. ICE Brent crude climbed to $84.32 per barrel, being traded at $84.01 per barrel.
read more... 04/10/2010
Higher competition on solar market.
The solar energy market has proven to be in the last years one of the most prominent registering up to 30 percent of growth. Thereby, countries like China, give loans of billions of dollars to expand their businesses.
read more... 04/10/2010
Argentina builds second LNG port.
Argentina decided to build its second Liquefied Natural Gas (LNG) port, therefore to double its import capacity, as it’s seeing growing demand and decreasing production. The deal has been made between Excelerate Energy and Argentina's state-owned utility Enarsa.
read more... 04/10/2010
Nabucco encounters competition for Azerbaijan gas.
The talks with Baku for turn out to be more complicated than first estimated as the Azeri government declared that the contract will go to whoever offers the highest price.
read more... 04/10/2010