Latest news
No changes in Portuguese renewable incentives
Portuguese renewable sector was scared last month as IMF recommended to the local government to reduce its support for renewable sector after bailing out the overbalanced European economy, in addition to a fresh released report by Portuguese banking major BPI, which recommended softening support for renewables as to lessen country’s debt.
read more... 17/06/2011
Daily energy Overview, Friday, June17, 2011
U.S. crude oil futures traded down on Friday on persistent concerns about oil demand and a slowing global economic growth. By 12:42 GMT, U.S. crude for July delivery traded at $94.03 a barrel, down 92 cents.
read more... 17/06/2011
Russia and China failed to sign a major gas deal
Russia and China postponed on Friday the signing of a major deal to supply Gazprom’s natural gas to the top energy consumer, China, after they failed to agree on a price.
read more... 17/06/2011
Oil demand up 1.2 million bpd a year to 2016
According to IEA forecasting, the global oil demand will rise by an average of 1.2million barrels per day (bpd) or by 1.3 percent yearly from 2010 to 2016, with a continuous growth coming entirely from non-OECD countries.
read more... 17/06/2011
Daily energy Overview, Thursday, June 16, 2011
U.S. crude oil prices decreased on Wednesday, having hit the lowest level since February 22, as weak economic data and a stronger dollar weighed on oil prices. U.S. crude oil for July delivery settled at 94.81 dollars a barrel, down 4.56 dollars, the lowest level since front-month crude closed at 93.57 on February 22.
read more... 16/06/2011