Latest news
EDF’s eight nuclear power stations produced 60 TWh electricity output
EDF Energy has recently announced that its eight nuclear power stations produced 60 TWh of electricity output, beating a new record of production, the highest in seven years.
read more... 17/01/2013
OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013
Daily: European power prices hit new lows despite strong oil prices
Brent and U.S. crude oil futures edged up on Thursday, being supported by Chinese trade data which spread expectations for improving demand, while news that Saudi Arabia has slashed its oil output in the previous two months also contributed to lift oil prices. Brent February crude climbed 13 cents, or 0.12 percent, to settle at $111.89 a barrel. Meanwhile, U.S. February crude boosted 72 cents, or 0.77 percent, to settle at $93.82 a barrel, having traded from $93.08 to $94.70.
read more... 11/01/2013
U.S. crude oil output at the highest level in 20 years due to shale fracking
U.S. oil production surpassed 7 million barrels a day for the first time since March 1993, recording the highest production level in 20 years, being underpinned by the shale revolution, which has boosted exploration across the country and bolstered a shift toward energy independence.
read more... 11/01/2013
Russia’s oil output hits new record in 2012
Russia’s oil output hits new record in 2012, to a new post-Soviet high of 10.37 million barrels per day due to an increase in production at Rosneft. Russia had established its previous post-Soviet record in 2011, when the production amounted to 10.28 million barrels per day. According to the International Energy Agency, Russia's oil output hit the highest level at 11.41 million bpd in 1988, when it was part of the former Soviet Union and it accounted about 90 % of total Soviet oil output. This new record confirms Russia as the biggest oil producer in the world.
read more... 03/01/2013