Latest news
Eni’s quarterly profits registered a drop of 57%
Italy's largest energy company, Eni SpA said its profits dropped 57% in the first quarter due to the weaker results to rising taxes and a poor operating performance. Eni said that net profit for the first three months to March was €1.5 billion, compared with €3.62 billion in 2012.
read more... 25/04/2013
Daily: Crude oil prices increase on U.S. gasoline stocks drop
Oil prices increased on Wednesday, pushed by gains of 2.5% in U.S. crude following an unexpected drop in weekly gasoline stockpiles and speculation that the glut of crude at the Cushing, Oklahoma hub could soon diminish.
read more... 25/04/2013
China’s dream about U.S. shale gas success still evanescent
China is hoping that shale gas could change country’s energetic fate in the same way as the U.S., though the nation is facing many challenges, including lack of experience and too little shale gas commercial production, according to industry experts. This came despite the government’s estimations putting shale gas reserves at 25 trillion cubic meters.
read more... 25/04/2013
BNEF: Green energy investments to triple by 2030
According to a new report offered by Bloomberg New Energy Finance, annual investments in renewable energy is likely to almost triple by 2030. Renewable energy systems will account for between 69% and 74% of all new power capacity added worldwide by 2030 due to the decrease in the cost of solar and wind energy technologies.
read more... 24/04/2013
Daily: Brent crude hovers around $100 on pessimistic data from China, Europe
Brent crude oil decreased on Tuesday as a result of weak manufacturing data in China and Europe, but settled above $100 a barrel for a second consecutive day, getting some support from strong gains in U.S. equity markets.
read more... 24/04/2013