Latest news
Daily: European coal prices fall on warm weather outlook
Brent crude oil futures increased on Tuesday, touching the highest level in 2014, since oil supply continued to fall in Libya and South Soudan rebels attacked a key oil town, and because of the protests in Venezuela which destabilized the situation. Meanwhile, U.S. crude oil futures boosted by more than $2 a barrel on Tuesday to attain a fresh four-month high on higher heating oil prices, encouraged by stronger demand amid cold weather.
read more... 19/02/2014
Ireland: wind farms could help reduce energy bills
Ireland is an excellent location for developing both onshore and offshore wind farms, due to its favorable climate, and the wind speed means that there are many wind farm sites which offer a high capacity factor for generation. The country has one of the greatest wind energy resources in Europe and it is important to exploit them efficiently, so as to create jobs and bring benefits to communities.
read more... 19/02/2014
USA: World’s largest solar plant is now fully operational
The Ivanpah Solar Electric Generating System, the world's largest concentrated solar power plant has become fully operational last week. Ivanpah employs concentrated solar power (CSP), which uses hundreds of thousands of mirrors to reflect the sun toward a tower. This heats a boiler in the tower, which creates steam to drive turbines and make electricity.
read more... 17/02/2014
Russia to increase its oil and gas production
Deputy Energy Minister, Kirill Molodtsov, declared that Russia is likely to increase its oil production by 0.3% to 525 million tons in 2014, about 10.54 million barrels per day, which could be the highest level Russia has attained since the collapse of the Soviet Union. The significant growth was attributed to changes in tax law, which has stimulated development of new fields and hard-to-recover reserves.
read more... 14/02/2014
Daily: British gas prices down to nearly an eight-month low
Brent crude oil futures decreased on Thursday, dragged down by a forecast showing a decline in demand during refinery maintenance season and an increase in jobless claims in the United States, the greatest oil consumer in the world.
read more... 14/02/2014