Latest news
Does speculation drive commodity prices?
A federal judge threw out the U.S. Commodity Futures Trading Commission's vaunted rules limiting speculative trades in energy, grain and metal markets, adding new fuel to a long-raging debate: does excessive speculation drive commodity prices higher?
read more... 02/10/2012
Daily: Brent crude declines below $112 on shaky global economic outlook
Brent crude slipped below $112 per barrel on Monday, mirroring investor concerns that an unstable global economy may hurt oil demand following new evidence of weakness in China and Japan as well as continuous worries about the debt-saddled euro zone.
read more... 01/10/2012
Finland could be the first European country to phase out coal by 2025
The Economy Minister of Finland, Jyri Haekaemies announced that Finland could phase out coal use in power by 2025, being the first country in the EU to stop using coal in energy production. Instead, the country will focus on investing in renewable energies. According to Haekaemies, the use of renewable energies will be encouraged by government subsidies and taxes.
read more... 01/10/2012
UK’s largest coal power plant to become a clean-energy producer
According to Drax Group Plc, the UK’s largest coal-fired plant will become the largest clean-energy producer, switching from burning coal to burning wood, becoming probably the biggest renewable plant in the world. At the moment, coal is the most polluting fossil fuel and it produces roughly 41 % of global electricity, and about 50% of electricity in the UK.
read more... 01/10/2012
UK’s renewable energy output reaches a milestone in 2012
Recently, the UK’s government released its latest quarterly energy statistics, confirming that UK renewable electricity capacity has jumped 42% over the past year to 14.2GW.
read more... 01/10/2012