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Southern Italy holds major crude oil potential
Southern Italy, known as the second largest producer of olive oil, is also the holder of Europe’s biggest onshore crude oil fields, according to geologists.
read more... 05/07/2013
RWE npower to halt the largest biomass plant in the world
RWE npower , the leading integrated UK energy company, announced it is halting the development of its dedicated biomass power plant at Tilbury, the biggest 100% biomass in the world.
read more... 05/07/2013
Daily: Brent crude drops towards $105 on supply disruption concerns in the Middle East
Brent crude dropped from a two-week high on Thursday, being threaten by supply disruption from the Middle East eased after Egypt's armed forces called for the resignation of the country's president Mohamed Mursi , triggering a political crisis there. Brent crude eased 38 cents to $105.38 a barrel by 03:51 GMT, after settling at its highest level since June 19 on Wednesday. Meanwhile, U.S. crude boosted 4 cents to $101.28, but away from a 14-month peak of $102.18 achieved in the prior session.
read more... 05/07/2013
Daily: European spot power prices up ahead of the EU Parliament vote
Oil futures settled above $101 a barrel Wednesday, following intensification of turmoil in Egypt and worries about supply disruptions in the Middle East after a U.S. report showed a major drop in last week’s crude supplies. Brent crude settled higher on Wednesday increasing $1.76 to $105.76, its highest level since June 19. U.S. crude futures for August ended at $101.24 a barrel on the NYMEX, up 1.7%.
read more... 04/07/2013
Nuclear Power in France
France has decided to launch a great nuclear program in 1973, when the quadrupling of the price of oil by OPEC nations was a shock for France because at that time, most of its electricity came from oil burning plants, this was the Middle East event that they refer to as the "oil shock."
read more... 04/07/2013