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OPEC agrees to keep its output quota unchanged
The world’s largest cartel, OPEC, at its quarterly meeting in Vienna on Thursday, decided to keep its production quota steady at 30 million barrels a day, maintaining its status quo in order to fade out strong disagreements between members.
read more... 18/06/2012
Iran: oil production down 38% on the U.S. sanctions
As a result of sanctions imposed by the U.S., the oil production in Iran dropped down at its lowest level in 20 years, and could drop to levels seen last time during the war between Iran and Iraq.
read more... 15/06/2012
Daily: Brent up towards $98 as OPEC keeps output steady
Brent crude futures went up towards $98 on Friday, extending gains after OPEC decided to keep its output unchanged for the second half of the year.
read more... 15/06/2012
UK offshore wind power to become viable by 2020
The costs of offshore wind power generation in the UK could decline 30% by 2020, making this type of renewable energy commercially viable, according to new reports released by wind industry and government.
read more... 15/06/2012
Daily: Brent trading steady ahead of OPEC meeting
Brent crude hovered around $97 on Thursday, trading in a narrow range, as investors were unwilling to take positions ahead of the result of the OPEC meeting and Greek elections.
read more... 14/06/2012