Latest news
EU will investigate Gazprom in antitrust probe
The EU Commission said it would investigate into Russia’s major Gazprom with the intention of discovering whether the export monopoly Gazprom had blocked fair competition in the natural gas markets of Central and Eastern Europe. It said it would investigate if Gazprom was obstructing the free flow of gas across the EU countries and whether it erred in charging unfair prices to its customers through its oil-linked gas prices.
read more... 06/09/2012
Daily: Oil prices up above $116 on stimulus hopes
Oil prices continued to increase for a fourth consecutive day, above $116 per barrel, on hopes for further stimulus measures from central banks in the United States and Europe, and a sluggish restart in the Gulf of Mexico after Hurricane Isaac. By 08:27 GMT, Brent crude futures rose 30 cents to $116.08 a barrel, after reaching as high as $116.36 earlier in the session. Meanwhile, U.S. crude futures rose 53 cents to $97 a barrel from Friday's settlement. U.S. markets closed on Monday for the Labor Day holiday.
read more... 04/09/2012
Australia and EU will create the world’s biggest emissions trading system
Australian government and the European Commission have reached an agreement over linking the two region’s carbon markets. Beginning on 1 July 2015, it will create the world’s biggest emissions trading market, Australia's environmental scheme will be linked to the EU's Emissions Trading System (ETS) under an interim link which will coordinate carbon prices in the two markets and will consent global permit trading.
read more... 29/08/2012
Biomass in Europe
Biomass-based fuel is the oldest source of consumer energy known to mankind and the largest source of EU renewable energy. It comprises renewable organic matter, such as wood, agricultural crops and agricultural and municipal waste. The most commonly used form is wood pellets, which include pellets for residential and industrial use, and are relatively easy to transport.
read more... 16/08/2012
China Cut 2012 Coal Production Target to 3.6 billion tonnes
According to the National Development and Reform Commission, China, the world's top coal producer and consumer, sets coal output targets for 2012 at top three producing regions at 3.65 billion tons, down as much as 7 percent in comparison to 2011. The cuts are partially intended to help stabilize domestic coal prices as demand has fallen sharply due to the slowing economy.
read more... 15/08/2012