Latest news
Germany to invest 100 Billion Euros in renewables
Germany’s federally-owned KfW banking group announced its investment bid for renewable energy worth 100 billion Euros over the next five years. Forasmuch as Germany is the largest photovoltaic market and leads the wind energy industry, this move will consolidate the investments’ outlook and give more attractiveness to green energy in the local businesses.
read more... 21/10/2011
Daily – Brent up for the sixth consecutive session
U.S. crude oil futures decreased in post settlement trading on Wednesday on industry released data about a huge drop in domestic crude stockpiles previous week, against forecast about a modest increase. Distillate and gasoline stockpiles also dropped much more than it was forecasted. By 20:33 GMT, NYMEX crude for November delivery traded at 85.01 dollars a barrel, losing 80 cents.
read more... 13/10/2011
BP to invest 800 million dollars in a wind farm
BP, a giant oil company, revealed its plans to invest 800 million dollars in the construction of a wind farm in Kansas (USA), Flat Ridge 2, as to strengthen its position as the major player in America’s rapidly growing renewable industry and boost the local economy by creating thus about 500 jobs.
read more... 13/10/2011
Daily – power down on euro debt crisis
Crude oil futures were mixed on Tuesday on released industry data about a 3.1 million barrel fall in crude stocks previous week and on worries over the euro zone crisis and Greek debt.
read more... 05/10/2011
Daily – oil up on lower as expected industry data
U.S. and Brent crude oil futures increased on Tuesday after released industry data about a lower as expected increase in domestic crude stocks and a huge fall at Cushing, Oklahoma delivery hub.
read more... 28/09/2011