Latest news
Shell vends Australian assets to Swiss Vitol for $2.9 billion
Oil major company Shell has vended Australian Geelong oil refinery, located south of Melbourne, and 870 filling stations to Swiss top global oil trader Vitol for $2.9 billion.
read more... 24/02/2014
Daily: German power prices drop on stronger solar power output
Crude oil prices settled down on Friday, lightly washing out their sixth consecutive week of gains, dragged down by milder temperatures in U.S. after a cold snap, causing a selloff in heating oil.
read more... 24/02/2014
Coal consumption keeps growing in China
China is dealing with a big air quality problem, so recently the Government has announced that they will reduce their coal consumption share from its current 67 percent to 65 percent by 2017. The country intends to convert coal in syntethic gas, but this will result in more carbon dioxide emissions released because converting coal to make synthetic gas and then combusting the gas to make electricity will double the amount of carbon dioxide emissions released in the atmosphere.
read more... 21/02/2014
EC’s legal action against UK over failure to meet its air pollution target
The European Commission has initiated legal procedures against the UK, which is now facing fines of approximately 300 million pounds a year since it has failed to meet by 2010 its objectives of cutting nitrogen dioxide levels, believed to cause premature death and affect children’s lungs. About 29,000 people per year are dying prematurely because of small particles in air pollution, which can cause cancer, heart attacks and respiratory disease.
read more... 21/02/2014
Daily: WTI price above 102$, set to hit the 6th weekly increase
U.S. crude steadied above $102 a barrel on Friday, likely to hit its sixth weekly increase, backed by robust heating demand in North America and since a new pipeline drew off supplies from Cushing, Oklahoma, the WTI contract's delivery point.
read more... 21/02/2014