The long-awaited U.S. goal to reach the energy independence could become reality by 2020, according to an analysis provided by Raymond James.
read more... 10/04/2012
Japan, the world's third largest oil consumer, announced that it is going to cut sharply its Iranian crude imports under new contracts to be concluded soon, following US and European sanctions over Tehran's nuclear programme.
read more... 09/04/2012
The Beijing oil company PetroChina became the world’s largest publicly-traded oil producer, making the American giant Exxon Mobil Corp. to rank behind the Chinese upstart in 2011.
read more... 02/04/2012
According to an Oil Ministry spokesman e-mailed statement, Iraq’s crude oil exports settled at their highest monthly level in March since 1980, with 71.827 million barrel exported and 8.475 billion dollars generated revenue. Iraq trades crude for 118 dollars a barrel.
read more... 02/04/2012
The earlier released reports by the German Federal Network Agency indicated that 3 GW of new solar power were installed in Germany in December alone, defining a monthly record in the Federal country. German Federal Network Agency confirmed earlier appraisal that in 2011, a 7.5GW capacity of solar was installed in Germany. This surpassed even the US total new installed capacity of 1,855 MW in 2011.
read more... 29/03/2012