Brent crude dropped towards $108 a barrel on Thursday, close to its lowest level in more than two weeks, as flat data in China, a possible oil increase in Libya's oil supply and record-high in U.S. stockpiles impacted prices. Brent crude for June delivery slipped 3 cents to $108.04 a barrel by 03:24 GMT, after a 0.8 percent decline in the previous session to end at its lowest settlement since April 11. Meanwhile, U.S. crude for June delivery declined 7 cents to $99.67 a barrel, after having decreased 1.5 percent on Wednesday to settle at its lowest level since April 2.
read more... 02/05/2014
U.S. and China, the two most polluting countries in the world, started a new phase of talks on reducing their carbon dioxide emissions, in a move called as “the most promising development in nearly 20 years of climate change negotiations”.
read more... 30/04/2014
Global crude oil prices posted a slight drop on Thursday, dragged down by pessimistic economic data from China and by an OPEC’S forecast showing a recovery in oil exports from Libya.
read more... 11/04/2014
This year, China will surpass Europe due to its major solar market, expanded by a local requirement to develop green energy sources that will increase global demand, according to a research report.
read more... 02/04/2014
Brent crude oil futures dropped on Tuesday to hit almost a five month-low on pessimistic manufacturing figures from China and Europe. WTI oil futures also posted a decline as analysts forecasted an increase in crude stocks for 11th straight week in a row.
read more... 02/04/2014