Latest news
Nuclear Power in France
France has decided to launch a great nuclear program in 1973, when the quadrupling of the price of oil by OPEC nations was a shock for France because at that time, most of its electricity came from oil burning plants, this was the Middle East event that they refer to as the "oil shock."
read more... 04/07/2013
OPEC to keep oil production target unchanged, with oil at $100
The Organization of the Petroleum Exporting Countries (OPEC), which supplies about 40 percent of the world’s oil, decided to keep its production target unchanged for a third consecutive time, stating that crude prices at about $100 a barrel are relatively strong.
read more... 04/06/2013
OPEC: China on the track to become the largest oil importer in the world by 2014
China is on the track to overtake the U.S. as the world’s top crude importer by 2014, with China's oil needs continuing to rise, according to a report released by OPEC.
read more... 05/04/2013
OPEC to revise its oil demand forecast downward in 2013
Global oil demand growth could be revised slightly downward of forecasts in 2013, according to the Organization of the Petroleum Exporting Countries (OPEC), dragged down by economic uncertainty in the euro zone and United States, as well as U.S. supply will hit its highest level in three decades, slashing the need for oil from the 12-member producer group.
read more... 13/03/2013
Daily: UK gas remains high on extreme cold weather in Europe
Brent crude oil futures slipped on Tuesday after having fluctuated alongside euro and dollar and as OPEC has cut its forecast for U.S. and euro zone economic growth also added some pressure. Meanwhile, Brent for April delivery shed 57 cents, or 0.52 percent, to settle at $109.65 a barrel, having traded from $109.30 to $111.20.
read more... 13/03/2013