Latest news
China will cut fuel prices
China announced on Thursday cuts to fuel prices, introducing additional stimulus into the world's second-largest economy, which has shown signs of recovery in latest months. The Asian country will cut gasoline and diesel prices by 310 Yuan ($49.75) and 300 Yuan a metric ton, effective from Friday, has announced the National Development and Reform Commission, the country's top economic planning body.
read more... 16/11/2012
Daily: December Brent crude climbs at contract expiry, while January contract declines
Brent December crude increased on Thursday as investors covered short positions ahead of the contract's expiration at the end of the day's session, while economic concerns weighed on January futures prices. Brent for December delivery which is expiring soon climbed $1.37, or 1.25 percent, to settle at $110.98 a barrel, having traded from $109.66 to $111.12, while January Brent slipped 47 cents to settle at $108.01, having traded from $107.30 to $109.58.
read more... 16/11/2012
Wind power industry will grow considerably in the next years to come
Global wind power market might triple over the next few years, according to a new report made by Greenpeace International and the Global Wind Energy Council.
read more... 16/11/2012
Statoil shuts Troll C platform, hitting 120,000 barrels per day oil output
Norwegian energy giant Statoil has recently shut its significant Troll C oil and gas platform in the North Sea because of corrosion found in the auxiliary system for gas treatment, slashing Norway’s oil production by around 8 percent.
read more... 16/11/2012
Daily: Europe power spot increases on approaching cold spell
Brent and U.S crude oil prices increased more than 1.0 percent to $110 a barrel on Wednesday, rebounding from a two-day decline after Israel launched an offensive against Palestinian militants in Gaza, increasing fears about tensions in the Middle East disrupting supplies.
read more... 15/11/2012