Latest news
Russia started oil deliveries to China
After last week, Russia state-owned oil giant Rosneft has announced that it has received the first tranche of advance payment from China National Petroleum Corporation (CNPC), Russia has started delivering crude oil to China, as established by the contract signed by the two countries during the St Petersburg International Economic Forum in June last year, in a move which aims to diversify China’s energy imports.
read more... 22/01/2014
UK: because of its high coal consumption, carbon emissions increased considerably
According to a report published by the Environmental Research Letters journal, based on size of population, and if global carbon dioxide emissions are allocated using per capita calculations, UK is more responsible for global warming than the USA, Canada, Russia or even China, because of its historic consumption of coal.
read more... 21/01/2014
Europe prefers American gas to Russian
A new report from National Journal, said that some countries of Eastern Europe intend to reduce dependence on Russian energy, while forming a group to lobby Washington to ease export restrictions, in a move which will allow them to acquire the fuel from the United States.
read more... 20/01/2014
Daily: European power prices trade higher on higher consumption amid cold snap
Brent crude oil overturned early losses on Friday after hitting a two-month low near $105 a barrel, but remained on track to close down for the week as traders assessed the likelihood of a sustained recovery in supply from Libya.
read more... 20/01/2014
China: oil demand to lowest level in 5 years
Because of easing economic growth, China's oil consumption in 2013 registered the slowest growth in five years. According to Reuters calculations, China's oil demand grew 1.6% in 2013, the weakest yearly growth in five years, while in December, when it burned roughly 10.06 million barrels per day of oil, it registered a decrease of about 7.5% in comparison to the same period of a year before. For the whole of 2013, oil demand was about 9.78 million bpd, about 150,000 bpd higher than 2012.
read more... 20/01/2014