Latest news
Britain: solar expansion expected to be larger in 2014
Britain's increase in solar capacity could be bigger in 2014 comparing to 2013 since companies boost government subsidies for new large plants before they finish, as stated by Foresight Group, an important British asset manager investing in the solar sector.
read more... 04/06/2014
Daily: UK gas reaches new lows on Russia, Ukraine temporary gas deal
Brent and U.S. crude oil settled down in a nervous trading on Monday, dragged down by a stronger dollar and recently released data showing that OPEC’s oil output increased to a three-month high. Brent crude for July delivery declined 58 cents to close at $108.83 a barrel, after striking $109.87 and further retreating below Brent's 200-day moving average at $109.07. WTI crude for July delivery traded 24 cents down to close at $102.47 a barrel, after hitting an intraday high at $103.35.
read more... 03/06/2014
Russia: Rosatom to increase orders to $100 billion in 2014
Russia's state nuclear company Rosatom plans to expand its global order book to $100 billion till the end of 2014, or a 25 percent increase year-on-year, by assuring new projects in Hungary, Kazakhstan, India and Iran, as declared on Monday by CEO Sergei Kiriyenko at a reunion with Prime Minister Dmitry Medvedev.
read more... 03/06/2014
Azeri Socar could diminish its 58% stake in Tanap pipeline project
Azeri state energy firm SOCAR could diminish its stake in the multi-billion dollar Trans-Anatolian natural gas pipeline project (TANAP), intended to decrease Europe's dependence on Russian gas, according to SOCAR's president.
read more... 03/06/2014
Daily: Crude oil prices slip at month’s end, but post an increase in May on supply concerns
Brent crude dropped on Friday, but rebounded 1.2 percent over the month, supported by energy supply worries amid continuing unrest in Ukraine. Brent crude declined 56 cents to settle at $109.41 a barrel. WTI crude oil also fell on Friday as traders took profit at the end of the month. However, U.S. crude posted a 3 percent increase in May. U.S. light crude oil slipped by $1.18 to an intra-session low of $102.40 to close 87 cents lower at $102.71 a barrel.
read more... 02/06/2014