Europe took a further step towards a single power market by unifying electricity trading across 15 countries, a process called market coupling.
read more... 06/02/2014
The U.S. government has approved some new licenses to export crude oil to Europe for the first time after the country banned crude exports following the oil shocks of the 1970s. In December last year, Exxon Mobil Corp. joined Royal Dutch Shell and ConocoPhillips in publicly urging a repeal of the 1970s era federal law that strictly limits exports of domestic oil.
read more... 05/02/2014
Brent crude oil registered at a three-month low on Tuesday, dragged down by the downturn in emerging markets, while U.S. crude settled higher, spurred by continued demand for heating fuels and the expectation of oil inventory figures to indicate a large draw from storage at the benchmark's delivery point, at Cushing, Oklahoma.
read more... 05/02/2014
A new report from the Trades Union Congress (TUC) indicates that a rapid development of carbon capture and storage (CCS) could help Britain to become self-sufficient again in terms of energy.
read more... 05/02/2014
Wind energy capacity is growing quickly in many countries all over the world, despite many disadvantages of using wind energy, most particularly is the intermittent accessibility of wind energy.
read more... 05/02/2014