Latest news
Turkey to boost its renewable targets by 2023 to deal with its electricity consumption
Turkey envisages increasing its use of renewable energy by 2023, according to a research performed by the Energy and Natural Resources Ministry.
read more... 01/03/2012
Algeria could become the world’s biggest shale gas exporter
Algeria has the potential to become the world's top exporter of shale gas, according to the Algerian Energy Minister Youcef Yousfi declarations.
read more... 29/02/2012
Wind power takes fright as government reviews subsidies
The bright future of British wind power is currently under review as government is seeing to review the subsidies. According to Offshore Wind Developers Forum, it has recently guaranteed that British companies should provide more than half of the content of the UK’s future wind factories. If optimistic predictions for the sector are borne out, offshore wind industry could spark 3 billion pounds investments in the UK supply flow by 2022, sustaining over 45,000 long-term jobs.
read more... 29/02/2012
Supply problems in world oil market
A number of real and threatened supply problems are helping support oil prices this year, despite a weakening outlook for the world economy and slower growth in global fuel demand. More than 1 million barrels per day (bpd) of supply is estimated to be offline - 1.1% of daily world demand - including Libyan output yet to return to service.
read more... 29/02/2012
Daily: Carbon prices slip 2 % ahead of a key EU parliamentary vote
Brent futures extended losses and were traded below $124 a barrel on Tuesday, pulled down by investors’ worries about high prices which could hurt demand, but continuous supply tensions and expectations for further liquidity injections from ECB helped to keep prices at high levels. Brent for front-month delivery slipped 69 cents to $123.48 a barrel by 09:25 GMT, after trading more than $1 lower on Monday. U.S. crude traded down 10 cents at $108.46 a barrel.
read more... 28/02/2012