Latest news
China: oil demand to lowest level in 5 years
Because of easing economic growth, China's oil consumption in 2013 registered the slowest growth in five years. According to Reuters calculations, China's oil demand grew 1.6% in 2013, the weakest yearly growth in five years, while in December, when it burned roughly 10.06 million barrels per day of oil, it registered a decrease of about 7.5% in comparison to the same period of a year before. For the whole of 2013, oil demand was about 9.78 million bpd, about 150,000 bpd higher than 2012.
read more... 20/01/2014
Germany plans to curb by a third the renewables subsidies by 2015
Germany’s economy minister envisages curbing the support price paid for electricity from solar and wind power generators by about a third by 2015, according to a recent draft proposal.
read more... 20/01/2014
EU’s new carbon emission target could be approved next week
The European Commission is likely to approve a new target where the 28-nation bloc would have to slash its emissions 40% by 2030 from 1990 levels, while significantly scaling back its fixed renewable energy targets from 2020.
read more... 17/01/2014
European utilities gave up €6bn of modern gas-fired power plants in 2013
European utilities are progressively giving up on gas power generation and have shelved or closed more than 21 gigawatts (GW) of capacity last year, worth an estimated €6bn, according to a research showed on Friday, following the impact of weak coal prices and slowed economies.
read more... 17/01/2014
Daily: European carbon reaches 3-month high on supply reduction optimism
Brent crude declined below $107 a barrel on Thursday, as expectations of more supply from the Middle East and North Africa exceeded a significant drop in U.S. crude inventories.
read more... 17/01/2014