Latest news
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011
OPEC meets to discuss output
The Organization of the Petroleum Exporting Countries meets on Wednesday in Vienna to discuss oil output policy.
read more... 14/12/2011
IEA: oil market to be more balanced in 2012
According to the most recent monthly report released by International Energy Agency (IEA), the global oil demand is expected to fall in 2012 on the worsening global economic background and persistently increased oil prices, fact that will help balance oil markets next year.
read more... 13/12/2011
Daily – oil up after three consecutive losing sessions
Crude oil prices increased on Friday on EU summit agreement and on news of China’s plans to invest 300 billion dollars in Europe and the U.S. which lifted the euro and equities markets.
read more... 12/12/2011
UK to face legal action from EU
The British Government could face legal action from European Union over intentions to cut feed-in tariffs for PV systems and introduce energy efficiency requirements on buildings seeking for incentives. The EU Energy Commissioner, Günther Oettinger, considers also that EU could take legal action against any state which weakened its policies threatening thus the achievement of green energy targets.
read more... 12/12/2011