Latest news
Coal to become the main fuel in Southeast Asia by 2035
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
Daily: British wholesale gas boost on new gas year start
Brent crude dropped below$108 a barrel on Tuesday, trading near a 7-week low on the expectations for a U.S. government shutdown that could hurt oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear negotiations. Brent crude for November declined by 38 cents to $107.99 a barrel by 02:55 GMT. Meanwhile, U.S. crude settled at $101.95, down 38 cents.
read more... 02/10/2013
Daily: Coal futures plunge at the weakest level in four weeks
Brent crude oil dropped over $1 to below 108 a barrel on Monday and was headed for its first monthly fall since May, as tensions over Iran attenuated and a potential U.S. government shutdown eclipsed the outlook for demand. Brent declined 83 cents to $107.80 a barrel by 09:50 GMT, set for a 5.5-percent monthly drop. Meanwhile, U.S. crude was down $1.09 at $101.78 a barrel.
read more... 01/10/2013
Russia launched its first renewables tender to spur green energy generation
Russia, being an oil and gas giant, has launched its first renewable energy tender, auctioning about 500MW in capacity, mostly to solar projects.
read more... 30/09/2013
Daily: European spot power prices drop on weaker demand, higher German solar power output
Crude oil prices traded higher on Thursday in light trading even if political worries eased and the supply outlook improved, as traders sought bargains after considerable losses earlier this month. Brent oil rose 89 cents to $109.21 a barrel, while U.S. crude futures boosted 37 cents to $103.03 a barrel, its first day of gains following five consecutive sessions of losses.
read more... 27/09/2013