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Daily: Brent crude declines below $108 on China data
Brent crude declined below $108 a barrel on Thursday after data showed China’s manufacturing activity continued to shrink, weakening the sentiment further in a market already in a downtrend.
read more... 20/09/2012
Eni made important gas discovery in Pakistan
Italian energy group Eni SpA announced it has made a significant gas discovery in Pakistan, in the Badhra Area B exploration concession, situated in the Khirtar Fold Belt region, 350 kilometers north of Karachi.
read more... 20/09/2012
Eastern Europe to spur shale gas revolution
Rising oil prices, high pollution levels and the global warming, a strong dependence on Russia’s gas supplies, have prompted Eastern European institutions to focus on switching from coal and oil to natural gas.
read more... 20/09/2012
Daily: Brent climbs above $112 on fresh monetary measures in Japan
Brent crude climbed above $112 a barrel on Wednesday after the Bank of Japan expanded its assets buying and loan programme, currently its primary monetary easing tool, the actions being similar to those strategies announced earlier by the U.S. Federal Reserve, aimed at stimulating their economy.
read more... 19/09/2012
China’s solar target to double to more than 40 GW by 2015
China is likely to double the installed solar power capacity target by 2015 to 40GW, which is a progress indicator in the 12th five year plan of the world’s second-largest economy. Only 18 months ago, it was reached at 5 GW, than it was doubled to 20 GW and now 40 GW. According to some forecasts, it is likely that China will double its 2020 PV target, from the current 50 GW to 100 GW.
read more... 19/09/2012