Latest news
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
Daily – Brent crude higher eyeing Iran and supply worries
U.S. and Brent crude oil futures increased on Monday in choppy trading as supply risks and tensions over Iran’s nuclear program sustained oil prices, while gains were limited by concerns over economic increase in China, Europe and the United States.
read more... 06/03/2012
China to hold the world’s largest shale gas reserves
China announced that it has recently found explorable shale-gas reserves of 25.1 trillion cubic meters, less than the previous estimates, being enough to meet China’s needs for the next two centuries.
read more... 02/03/2012
China to cut its energy use by 21% by 2015
The Chinese Ministry of Industry and Information Technology (MIIT) announced that China envisages cutting its energy consumption by 21% by 2015 and closing inefficient companies in more than 10 industries because of overcapacity, high energy consumption, and pollution.
read more... 28/02/2012
China to cut solar cell costs and increase efficiency
China’s Ministry Industry and Information Technology said that it has set a target to cut photovoltaic solar power generating costs to 0.8 yuan ($0.13) per kilowatt hour (kWh) by 2015 and 0.6 yuan/kWh by 2020.
read more... 24/02/2012