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Daily Energy Market Overview 09.22.2010
At 09:42 GMT, U.S. crude for November increased $0.44 to $75.41, while ICE Brent for November registered an increase of $0.12 to $78.54. Oil increased above $75 a barrel on Wednesday, recovering some losses of the previous session, being supported by a weaker dollar.
read more... 23/09/2010
High oil prices motivate undeveloped countries to use renewable.
As the oil prices have reached $75 a barrel and are likely to stay at this level for a while, the poorest countries should consider turning to solar, wind and other renewable energy.
read more... 23/09/2010
United Arab Emirates to increase production capacity.
The United Arab Emirates declared that, they currently have a production capacity of 2.7 million barrels per day and are planning to increase the capacity to 3.5 million bpd. As a lot of multinational companies have large stakes in concessions in this country, the UAE relies on these to make it possible.
read more... 23/09/2010
Chevron to extract shale gas in Poland.
As Poland shared interest in developing gas opportunities, like other eastern European countries, thus reducing its reliance on the Russian partner, Chevron, as some other major oil companies, seized the opportunity to extract shale gas at better prices. Still, according to Bobby Ryan, Chevron’s head of global exploration, there is much more work to be done than at first glance.
read more... 23/09/2010
Daily Energy Market Overview 09.21.2010
At 13:30 GMT, U.S. crude for October, which expires on Tuesday, dropped 96 cents to $73.90 per barrel, a much pronounced decrease than expected. While the U.S. crude for November increased by 35 cents to $75.84 per barrel.
read more... 22/09/2010