Latest news
EIA Report: major oil hike by 2035
According to the US Energy Information Administration released report on Monday, oil production will increase by around 27 million barrels a day and demand will climb to 1.122 million barrels/day by 2035, 1.4% higher than previously expected.
read more... 20/09/2011
Daily - Oil down on euro zone debt concerns
Oil prices plunged on Monday, along with equity markets, metals and the euro, on concerns over euro zone debt crisis and on slower demand growth, while the dollar and gold strengthened.
read more... 19/09/2011
Energy Markets Trends - Weekly Overview
Oil Worldwide - Brent crude oil futures fell marginally, pressured by uncertainties about the resolution of the euro zone debt crisis. On the other hand, NYMEX crude oil rose for the fourth straight week, as Wall Street advanced. By the end of the week, dollar weakened as the euro rose, improving investor appetite.
read more... 19/09/2011
Poland eyes shale gas production from 2014
According to the Polish Minister, Donald Tusk, Poland may start to produce commercial shale gas as soon as 2014, move that could reduce its energy dependence on Russia. Moreover, the Prime Minister is confident that by 2035, Poland will be able to supply its internal market from its own source.
read more... 19/09/2011
Gazprom joints three major partners in South Stream gas pipeline
Three energy majors, Italy’s Eni, France’s EDF and Germany's Wintershall, have joined Russian energy giant, Gazprom as to build jointly the South Stream gas pipeline, which is aimed to transport Russian gas to Southern and Central Europe via the Black Sea and Bulgaria bypassing Ukraine.
read more... 19/09/2011