Latest news
IEA encourages Europe to increase shale gas output
The International Energy Agency (IEA) is encouraging Europe to boost its shale gas output, being concerned about high prices of European gas, suggesting Brussels to minimize the activity of energy-intensive industries such as cement and steel, while trimming the subsidies for green energy.
read more... 27/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014
Daily: German spot power dragged down by higher wind output
Brent crude oil boosted towards $108 a barrel on Wednesday, backed by fresh concerns over Libyan supplies and expectations for a decline in crude stocks in the United States.
read more... 09/01/2014
EIA: U.S. crude oil output to hit an unprecedented high of 9.5 million bpd
U.S. oil production is expected to hit an unprecedented high by 2016, with 9.5 million barrels per day, near the all-time high set in the boom of 1970, according to the Annual Energy Outlook, released by U.S. Energy Information Administration (EIA).
read more... 17/12/2013
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013