The Organization of Petroleum Exporting Countries (OPEC) has estimated that in 2014 world oil demand will see a significant grow, by about 1.04 million barrels per day, an augment of about 300,000 barrels if compared with the growth predicted for 2013, representing the biggest increase in demand since 2010.
read more... 11/07/2013
Germany intends to reduce reliance on imported oil and has started the phase-out of aging nuclear power stations, meanwhile the German government has adopted a target of achieving 20% of the country's energy share from renewable sources by 2020.
read more... 11/07/2013
Brent crude dropped towards $107 on Wednesday on worries about weakness in the recovery of China, the world's second biggest oil consumer, while U.S. crude traded higher after data showed a bigger-than-expected fall in crude oil stockpiles.
read more... 11/07/2013
Spain’s oldest nuclear power plant Santa Maria de Garoña, in the north-central province of Burgos, has been officially shut down on 6 July after 42 years in operation.
read more... 11/07/2013
Crude oil prices ended with moderate gains on Tuesday, backed by a stock market advance and concerns over Egypt. However, the gains were capped by a strong U.S. dollar and supplies brought back online. Brent crude oil futures closed the day 38 cents higher at $107.81 per barrel. Meanwhile, U.S. crude oil futures rose 39 cents at $103.53, after trading as low as $102.31.
read more... 10/07/2013