Latest news
Daily – oil higher on rising fear over EU debt crisis
Crude oil futures were up on Wednesday following very choppy trading as fears over euro zone debt crisis and data indicating British economy contracting in the fourth quarter which foreseen support from the U.S. Federal Reserve’s extending its commitment to cut interest rates to sustain economy.
read more... 26/01/2012
Russia reveals an ambitious coal-mining industry development program
Russia has recently revealed its plan to soar its annual coal production by 30% to 430 million tons by 2030, in order to meet the increasing domestic and international demand.
read more... 26/01/2012
Scottish wind farms to get £7.6 billion to be connected to the UK grid
The UK energy watchdog Ofgem announced that it is on the way to approve a significant investment of £7.6 billion in order to connect new Scottish wind farms and other renewable energy power sources to the UK grid.
read more... 26/01/2012
Australia to support EU ban on Iranian oil
Australia will adopt the same position as EU concerning the ban of Iranian oil imports, in n a sign of protest against the Islamic republic's unacceptable nuclear program, the Foreign Affairs Minister, Kevin Rudd, says.
read more... 25/01/2012
Global fracking market to increase 19% in 2012
The global market for hydraulic fracturing is projected to rise a further 19% to $37 billion in 2012, one-third the pace of expansion in 2011, according to the report performed by Spears & Associates.
read more... 25/01/2012