Latest news
China could surpass Europe as the world's top renewable energy growth market
China could surpass Europe as the world leader in renewable energy growth market in 2012 green as Europe’s economic recession have moved into the background the renewable energy market, according to a recent report released by the US International Energy Agency (IEA). China’s renewable energy market will grow by over 20 GW this year, surpassing European OECD countries, while the European renewable development will ease to below 20 GW.
read more... 13/07/2012
Daily: Nordic power declines on rainy weather
Brent crude increased to $99 a barrel on Monday after the failure of the second round of talks with Norwegian offshore oil and gas sector workers, intensifying worries of a total output shutdown, while expectations that China would ease monetary policy and improve fuel demand offset oil prices.
read more... 09/07/2012
China opens its first natural gas spot market to deal with peak electricity demand
In order to deal with peak electricity demand in the summer, China launched its first spot market for natural gas on the Shanghai Petroleum Exchange on July 2nd, move which will gradually improve the natural gas mechanism in long term through a fair and reasonable competition.
read more... 04/07/2012
Daily: Brent up on Iran tensions and Norway strike
Brent crude rose above $98 per barrel on Tuesday as rising tensions between Iran and West balanced worries that pessimistic manufacturing data from China, the United States and Europe will hit oil demand.
read more... 03/07/2012
Daily: Brent declines on downbeat manufactory activity in China
Brent crude eased towards $96 a barrel on Monday following downbeat activity data from Chinese factories, indicating a slowdown in global economy and weaker fuel demand. The manufactory activity in China, the world’s second biggest economy, declined in June with export orders settling their largest fall since December.
read more... 02/07/2012