Latest news
OPEC expects increase in global oil consumption in 2011.
OPEC forecasts an increase in the global oil consumption by 1.2 million bpd to 87.11 million bpd in 2011.
read more... 16/12/2010
Daily Energy Overview, Thursday, December 16, 2010
Crude oil futures continued to drop on Thursday, with January contract down 37 cents to $88.25 a barrel by 13:37 GMT, after mixed U.S. economic data and euro zone debt concerns overshadowed the large drop in crude stocks last week.
read more... 16/12/2010
Civilian nuclear deal enables U.S., Russia to develop nuclear reactors.
One of the practical application of a new civilian agreement between Russia and United States could be the common development of nuclear reactors, sustained a Russian lawmaker on Tuesday. The so-called 123 agreement which focuses on closer cooperation on nuclear research, production and trade entered into force on 9th of December.
read more... 15/12/2010
Shell adds new chief scientists to its thought-leadership group.
Shell appointed today three chief scientists to cover the critical industry departments of exploration, unconventional oil, and in-well technology. This appointment has the role to consolidate Shell’s existing group of six top scientific experts.
read more... 15/12/2010
Energy Market Overview, Wednesday, December 15, 2010
Oil prices fell below $88 a barrel on Wednesday on fears over the health of the global economy and following U.S. inventory data suggesting weak demand by the world's largest oil consumer.
read more... 15/12/2010