Latest news
Spain’s Repsol stroke a compensation deal with Argentina’s YPF
Spanish oil major Repsol and Argentina’s main energy company YPF inked a preliminary deal on Monday, under which Repsol will receive a 51 percent stake in the South American’s nation’s energy company.
read more... 26/11/2013
Daily: Brent North Sea crude slips after Iran nuclear deal
Brent crude prices dropped more than two percent on Monday after an important deal between world powers and Iran over its controversial nuclear programme. Last week, Iran agreed to slash its nuclear programme for the next six months in exchange for limited sanctions relief.
read more... 26/11/2013
Coal consumption keeps growing in China
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. China 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... 25/11/2013
Daily: European power prices tumble on weaker demand, ample solar supply
Brent crude futures declined below 108 a barrel on Thursday following expectations that the U.S. Federal Reserve will curb its massive economic stimulus and world powers will conclude a preliminary deal with Iran over its nuclear programme.
read more... 22/11/2013
Ukraine and Slovakia on the verge to sign a milestone gas deal
Gas pipeline operators in Ukraine and Slovakia are on the way of striking a deal which will allow the European Union to ship gas through Slovakia to Ukraine, easing Kiev's dependence on Russia, the European Commission said.
read more... 20/11/2013