The UK government has given the green light for the construction of an unprecedented nuclear power plant in 20 years - the Hinkley Point C project in southwest England.
read more... 22/10/2013
Crude oil futures increased on Wednesday as Congress was on the way to close an 11th-hour deal to increase the government’s debt ceiling and avoid nonpayment.
read more... 17/10/2013
According to US government data, China has become the largest importer of oil in the world, determined by strong economic growth and great auto sales.
read more... 15/10/2013
U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.
read more... 15/10/2013
Last Friday, 10 CEO’s of large nuclear and fossil energy producers held a press conference in Brussels, asking European governments to stop subsidising renewable energy. Remarkably, Gerard Mestrallet CEO for GDF-Suez, was one of them. Strange, because in Belgium GDF-Suez is the largest beneficiary of renewable energy subsidies. Zero Emission Solutions, a study and consultancy agency for renewable energy, draws the attention to these CEO’s that today – at least in Belgium - nuclear and fossil energy production benefits from more governmental aid than renewable energy:
read more... 15/10/2013