Latest news
China exceeds US as world’s largest energy consumer in 2010
China became the world's top energy consumer in 2010, surpassing the USA during a year, according to the report “Statistical Review of World Energy” released by BP.
read more... 09/06/2011
OPEC holds production quotas unchanged
OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.
read more... 09/06/2011
Daily energy Overview, Wednesday, June 08, 2011
U.S. and Brent crude oil futures continued to increase in post-settlement trading on Tuesday, following released data that indicated a deeper drop in domestic crude stocks as expected last week, while a weaker dollar and the unrest in the Middle East countries encouraged buying interest.
read more... 08/06/2011
New wind farms to replace phased-out nuclear power in Germany
Once the German announced their decision to phase out the country’s nuclear power by 2022, it was clear that one-quarter of the country’s generation power has to be replaced with alternative energy sources. According to a recently proposed “10 Point Immediate Action Program” by the German Environment Ministry, the avoided nuclear power will be substituted with offshore wind power which is expected to be strengthened by an incentive system.
read more... 08/06/2011
Scottish Power to soar energy bills from August
Scottish Power has recently announced increases for domestic electricity prices and gas, following the second rise in wholesale energy costs since November 2010, with gas bills going up by 2% and electricity by almost 9 %.
read more... 08/06/2011