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Russia reduced oil output as part of the Vienna agreement
Russia started to cut oil production in early January by around 100,000 barrels per day following an agreement with OPEC to cap global crude output signed at the end of last year, as mentioned by sources in the industry.
read more... 10/01/2017
Daily (10.01.2017): British gas prices rise on cold snap forecasts
Oil prices sank by around 4% on Monday on concerns that record Iraqi crude exports and rising U.S. production would undermine OPEC's efforts to lessen global oversupply. In Iraq, OPEC's second major producer, oil exports from the southern Basra ports hit a record high of 3.51 million barrels per day (bpd) in December, according to the oil ministry.
read more... 10/01/2017
US might become a net energy exporter by 2026
The United States has been a net energy importer since the 1950s, but the latest report from the EIA suggests that’s about to change.
read more... 10/01/2017
India’s solar market is likely to grow by 90% this year
According to consultancy services provider, Bridge to India, India starts this 2017 with a pipeline of around 14 GW of utility-scale solar PV projects, with 7.7 GW of which is expected to be commissioned in the year, meaning a growth of around 90% if compared to 2016.
read more... 09/01/2017
UK: wind production surpassed coal last year
Last year, UK produced more electricity from wind farms than from coal-fired power plants for the first time ever.
read more... 09/01/2017