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Daily Energy Overview, Wednesday March, 16, 2011
Brent crude oil futures traded down over 4 percent on Tuesday as the appeared nuclear emergency in Japan raised worries across energy markets. The ICE Brent crude for April delivery valued 108.52 dollars a barrel, down 4.53 percent from a trade between 107.88 and 113.82 dollars, having hit the lowest level since February 22, when it registered a price of 105.78 dollars.
read more... 16/03/2011
New concept of 20MW wind turbines to be seen on the wind energy market by 2020
According to a recently released report by UpWind project funded by the European Union, the wind energy market could be completed with 20 MW wind turbines innovation by the end of 2020.
read more... 16/03/2011
Fushun Petrochemical shut down its oil refinery in China
PetroChina’s Fushun Petrochemical Co. has shut down a 1.2 million ton per year oil refinery as to avoid a potential safety hazard.
read more... 16/03/2011
Japan to be supplied with additional LNG from South Korea
The South Korean government envisages supplying Japan with liquefied natural gas as to support the country to face the consequences of Friday's huge earthquake and tsunami.
read more... 16/03/2011
Royal Dutch Shell to raise investments in 2011-2014
Royal Dutch Shell will reveal its long-term investment plans on Tuesday on exploration and production amid gloomy oil market outlook due to lasting turmoil in the Arab countries.
read more... 15/03/2011