U.S. and Chinese energy companies inked a set of collaboration and trade agreements on Tuesday, before the President Hu Jiantao’s visit at White House.
read more... 20/01/2011
Oil prices rose on Wednesday supported by a lower dollar hitting eight-week dips and on a better than expected 2011 demand growth. Though, milder weather and signs over healthier supplies are likely to limit oil gains.
read more... 19/01/2011
The International Energy Agency (IEA) accused the OPEC of intentionally hesitated to boost the output of oil in order to maintain a higher level of oil prices. At the same time, OPEC criticizes the agency for providing inconsistent oil price view.
read more... 19/01/2011
Bulgaria has to meet the EU target of 1250MW (which represents 16 %) of energy generation from renewable sources by 2020.
read more... 19/01/2011
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011