Latest news
IEA: China to register the biggest increase in terms of renewable energy generation by 2035
According to a new report from the International Energy Agency, China is expected to see the largest absolute increase in output from clean energy, building more renewable power plants through 2035 than the U.S., EU and Japan combined.
read more... 28/11/2013
U.S.: Oil production surpassed imports for the first time in nearly 20 years
According to federal officials, in October, the U.S. extracted more oil than imported, being an important highlight for a nation which tries to reduce reliance on imported foreign oil. Helped mainly by production from shale reserves and a consumption which remained relatively flat, domestic output hit 7.7 million barrels a day last month, against 7.6 million of imports, a 24-year high.
read more... 15/11/2013
Daily: Brent crude boosted by Federal Reserve expectations
Brent crude oil prices boosted on Thursday, pushed up by disruption to Libyan output, while U.S. crude dropped as gasoline showed the largest gain of the day, but both markets received support from expectations that Federal Reserve would keep stimulus measures in place.
read more... 15/11/2013
North Sea could boost its oil output but it needs a reform
Sir Ian Wood, former chairman of oil services firm Wood Group, said that the UK economy could see 200 billion pounds coming from the North Sea oil and gas industry.
read more... 12/11/2013
Daily: Brent crude prices rocket 2.5 pct on Libya output decline
Brent crude futures rocketed 2.5 percent on Monday following Libya’s oil exports reduction, while the U.S. dollar rose, but held close to a nine-month low against a basket of currencies as Fed policy continued to ascertain the greenback's trend.
read more... 29/10/2013