A new report was presented by the International Energy Agency (IEA), according to which in 2050, wind power could increase almost eight to ten fold from current levels (2.6%), providing almost 18% of global electricity demand.
read more... 22/10/2013
Brent crude oil futures traded steady above $110 a barrel on Monday on hopes the U.S. Federal Reserve would delay reducing its massive economic stimulus programme until next year, which could help encourage oil demand in the world's largest oil consumer. Brent crude futures for December delivery rose 10 cents to $110.04 a barrel by 03:43 GMT, while U.S. crude oil futures for November delivery increased by 3 cents to $100.84, after earlier boosting as high as $100.95.
read more... 22/10/2013
U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.
read more... 15/10/2013
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 11/10/2013
Brent crude oil futures increased to about $3 per barrel, ending with their biggest gain in more than a month on Thursday, on increasing hopes for a deal to prolong funding of the U.S. government and on worries about supplies from Libya and the Middle East.
read more... 11/10/2013