Latest news
The second largest oil shale power plant in the world to be built soon
Jordan and China signed an MOU towards building the world’s 2nd largest oil shale power plant at a cost of $1.25bn.
read more... 25/11/2011
Lukoil: Q3 net profit hit by 20 percent
The Russian oil giant Lukoil reported on Friday a 20 percent decline in its Q3 profit due to bigger taxes and the depreciation of its national currency.
read more... 25/11/2011
IEA: High oil prices may hit economic recovery
The EU economic recovery may be threatened by high oil prices, hindering Asia to help the West countries to cope with the crisis, the head of International Energy Agency (IEA) said on Wednesday.
read more... 25/11/2011
EU supports renewable projects in Arab deserts
The two biggest European consortiums, the German Deserted Industry Initiative (DII) and the French energy giant, Medgrid, focused their attention Thursday on the development of an ambitious renewable energy project in Arab deserts which consequently will provide power to customers in Europe, North Africa and in the Middle East.
read more... 25/11/2011
Daily – oil mixed on worries over global economic increase
U.S. crude oil futures decreased on Thursday as fears over global economic increase and firmer dollar outweighed a sharp drawdown in U.S. crude inventories. By 00:05 GMT, NYMEX crude oil for January delivery settled at 95.93 dollars a barrel, losing 24 cents.
read more... 25/11/2011