Russia and Belarus have signed a contract regarding the construction of the first nuclear power plant in Belarus in July
read more... 25/06/2012
Brent crude oil traded up above $91/bbl on Monday on support for a weaker output following a threat of a storm which halted nearly a quarter of US offshore crude and gas production and as the main euro zone leaders backed a $156 billion plan to revive growth in the debt-hit region, move that supported prices.
read more... 25/06/2012
Danish wind turbine maker, Vestas Wind Systems has decided to halt production at its factory in Hohhot, China, making redundant 300-350 employees.
read more... 25/06/2012
Brent crude traded below $90 on Friday, up slightly after sharp losses in the previous session, but settled its biggest weekly loss in a about a year, as pessimistic data from top consumers in the United States and China eclipsed the outlook for demand.
read more... 22/06/2012
Global energy demand is expected to increase by more than 40 per cent towards 2040, according to Statoil’s annual outlook for global economics and energy markets – Energy Perspectives 2012, as economic output more than doubles and prosperity expands across a world whose population will grow to nearly 9 billion people. Meanwhile, by 2030, global oil demand is set to reach a plateau level of around 100 million barrels per day, as gas and renewables account for a greater share of the energy mix.
read more... 22/06/2012