Latest news
Daily: European power prices drop on higher wind power supply forecast
Brent crude oil dropped towards $106 a barrel on Tuesday as Libyan supply increased and a resumption of Iranian oil shipments appeared to get closer. Recent weak U.S. economic data has also softened the outlook for fuel demand in the world's largest oil consumer.
read more... 15/01/2014
Switzerland: solar power generation increased considerably last year
In line with the current trend in Europe, Switzerland is likely to face an electric power shortage, except there is significant investment in new generating facilities over the next 15-20 years. Traditionally, Switzerland's longest-serving and most important source of renewable energy has been hydropower, but now, “new" renewable energy sources play an ever more significant position in Switzerland’s energy mix.
read more... 14/01/2014
Italy intends to increase oil production
It is thought that Italy could hold Europe’s biggest onshore crude oil fields. The priority for Italy’s government is to re-launch an economy that’s shrunk and where more than 35 % of young people are unemployed.
read more... 13/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014
Russia: Oil production increased to a new record level in 2013
According to new figures released by the Russia’s energy ministry, last year Russia has produced the largest amount of oil, registering a new record level, since the post-Soviet period. Oil production increased by 1.4 % last year from 2012 levels, reaching a new record of 523.3 million tons (10.51 million barrels per day). December’s monthly production averaged 10.63 million bpd.
read more... 06/01/2014