Latest news
Daily – low economic data from China to spur worries about oil demand
WTi and ICE Brent crude oil futures decreased on Monday ending three consecutive days of gains as low economic data from China increased worries about oil demand. WTi crude oil for April delivery traded at 106.34 dollars a barrel, losing 1.06 dollars after a trading range from 105.38 and 107.56 dollars, while ICE Brent crude for April delivery valued 125.34 dollars a barrel, down 64 cents after having traded between 124.20 and 125.98 dollars.
read more... 13/03/2012
Ukraine is considering gas purchase from European spot market
Ukraine is taking small steps to reduce its reliance on Russian gas imports. According to the Ukraine's Zerkalo nedeli weekly newspaper, the country envisages purchasing three million cubic meters of gas per day from German giant RWE.
read more... 12/03/2012
1 billion dollars hydro project deal
The Government of Cameroon and Joule Africa had inked a memorandum of understanding for the development of a hydroelectric project worth 1 billion dollars in Cameroon.
read more... 12/03/2012
China to end the blind expansion of solar and wind energy in favour of nuclear energy
China is eyeing to speed up the use of nuclear energy and put an end to blind expansion in industries such as solar energy and wind power in 2012, according to the Chinese Premier Wen Jiabao's announcement.
read more... 12/03/2012
Daily – oil prices up on prospects for easing monetary situation in China
Crude oil futures settled higher for a third day in line on Friday supported by higher-than-expected U.S. jobs data increase for February outlook for more monetary easing in China and relief that Greece avoided an immediate default. WTi crude for April delivery traded at 107.40 dollars a barrel, up 82 cents, while ICE Brent crude oil for April delivery valued 125.98 dollars a barrel, up 54 cents.
read more... 12/03/2012