Latest news
Daily – oil up after three consecutive losing sessions
Crude oil prices increased on Friday on EU summit agreement and on news of China’s plans to invest 300 billion dollars in Europe and the U.S. which lifted the euro and equities markets.
read more... 12/12/2011
Shell discovers shale gas in China
Royal Dutch Shell has discovered shale gas in China, which does not currently produce shale gas, though is supposed to have abundant reserves of shale gas which could transform the Chinese energy mix.
read more... 07/12/2011
China to build the largest underground gas storage in Turkey
Turkey has inked a deal with China Tianchen Engineering Corp. to construct the largest underground natural gas storage facility in the center of Turkey, with a capacity of up to one billion cubic meters.
read more... 30/11/2011
Daily - U.K. gas prices drop to a 9-month low
US crude futures traded higher on Wednesday while Brent crude erased losses after China’s central bank cut its reserve requirement ratio for lenders by 0.5 percentage point for the first time since 2008.
read more... 30/11/2011
The second largest oil shale power plant in the world to be built soon
Jordan and China signed an MOU towards building the world’s 2nd largest oil shale power plant at a cost of $1.25bn.
read more... 25/11/2011