Latest news
China: Coal consumption continues to grow
China is dealing with a big air quality problem, so recently the Government has announced that they will reduce their coal consumption share from its current 67 percent to 65 percent by 2017. The country intends to convert coal in syntethic gas, but this will result in more carbon dioxide emissions released because converting coal to make synthetic gas and then combusting the gas to make electricity will double the amount of carbon dioxide emissions released in the atmosphere.
read more... 31/03/2014
Partnership agreements between French and Chinese energy firms
Several deals were signed by China and France in the energy sector on Wednesday during the high-status visit of the President Xi Jinping who has plans to develop closer business relations between the countries.
read more... 27/03/2014
Daily: Brent crude declines on flat manufacturing data in China amid chopping trading
Brent crude oil dropped and WTI crude climbed slightly in chopping trading on Monday as flat manufacturing activity in China eclipsed the supply concerns over the Ukraine crisis and civil unrest in Libya.
read more... 25/03/2014
Daily: Brent crude prices settle higher ahead of Crimea referendum
Brent crude oil boosted over $1 on Friday ahead of the Sunday’s vote organized by pro-Moscow authorities, raising concerns that Crimea will chose to join Russia. U.S. crude oil also increased, but not so significantly, with gains being slashed by a surge in supply and weaker demand in U.S. and China, the biggest and second-biggest oil consumers.
read more... 17/03/2014
Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014