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Global Recession Impacts Oil Demand Forecasts
Despite the recession in the United States and Europe, global oil demand may increase more than expected, mainly supported by stronger oil consumption in the Middle East and China, but also in Japan that underwent a tremendous economic transformation following a nuclear crisis.
read more... 13/10/2011
China reveals its shale gas output target
China, as the world’s second largest energy consumer, envisages the development of unconventional energy in order to meet its soaring demand for energy. Thus, the Chinese government revealed its plans to explore the country’s huge potential of shale gas reserves, as a result of some European countries’ decisions to ban the exploration of shale gas.
read more... 13/10/2011
British Gas says “no” to door to door selling
British Gas announced its plans to completely suspend their door to door selling practice, claming that this technique is outdated.
read more... 13/10/2011
UK registers an increase in renewables
Renewable energy is a fast growing sector, recording an increased demand for green energy year on year around the world. Furthermore, electricity is getting more expensive, fact that pushes people to use green power that is less expensive.
read more... 12/10/2011
Daily – oil up for a fifth consecutive session
NYMEX and Brent crude oil futures increased for a fifth consecutive session on Tuesday, supported by a rebound in equities and on news that U.S. government broke up an alleged plot bomb Israeli and Saudi Arabian embassies in Washington.
read more... 12/10/2011