Latest news
China to set a cap on its CO2 emissions by 2016
The world's biggest producer of carbon dioxide intends to set a cap on its greenhouse gas emissions for the first time. China is planning an absolute emissions cap for the period 2016-2020, and is also looking at emissions targets for 2030 and 2050.
read more... 27/05/2013
EU energy sector in danger and requires urgently a reform
The EU energy sector needs support for innovation if they want to reduce energy costs. European power companies will have to develop new technologies, to approach more to consumers and expand newer business models and services. European leaders and the energy- industry chiefs have taken steps toward reviving energy-market reform and setting long-term targets for renewable energy.
read more... 24/05/2013
Daily: Crude oil closes higher on weaker dollar, ample supplies
Crude oil prices increased on Monday on a weaker dollar, but significant oil supplies capped gains, even as equity markets hanging at record levels.
read more... 21/05/2013
U-turn: Chevron gets green light to explore shale gas in Romania
The Romanian shale gas policy made a U-turn after the government allowed the oil giant Chevron to explore shale gas in the Romanian Black Sea coast.
read more... 17/05/2013
Three oil majors subject to EU raids over price manipulation
European anti-trust authorities have conducted unexpected raids at offices of at least three oil majors Shell, BP and Statoil, being suspected of manipulation in global oil prices over a decade, marking one of the biggest international actions since the Libor rigging scandal which shook the markets.
read more... 15/05/2013