Latest news
BP shareholders want to sell twice more assets than the company’s current plan
BP is facing a pressure from its biggest investors to sell off more than the double of the assets BP is currently selling as a program of radical reorganization. The investors are claiming that BP's chief executive, Bob Dudley, has the opportunity to change the company into a more dynamic one, following the devastating oil spill in the Gulf of Mexico.
read more... 18/04/2011
OPEC forecasts Japan revival to be negative
According to OPEC forecasts on Saturday, Japan will face a negative growth this year in the wake of the devastation caused by the earthquake and tsunami from March 11, but IMF (International Monetary Fund) economists remain confident that Japan could be recover from the disaster, all depending on the restoration of power supplies.
read more... 18/04/2011
Daily energy Overview, Friday, April, 15
U.S. crude ended a dollar higher on Thursday on a weaker dollar after U.S. data indicated an unexpected rise in jobless claims. U.S. crude for May delivery traded up 1 dollar and settled at 108.11 dollars a barrel, having traded in a range between 105.77 and 108.55 dollars.
read more... 15/04/2011
American researchers developed solar modules without semiconductors
New solar power modules could be seen on the energy market in the future. This is due to a recently discovery made by a research group of the University of Michigan (USA).
read more... 15/04/2011
OPEC output drops in March
According to a survey released by Platts, the 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil output dropped in March by 630,000 barrels per day to 29.17 million b/d, following the loss of 930,000 b/d of Libyan production and the failure of Saudi Arabia’s supply to face the decline in Libyan.
read more... 15/04/2011