Latest news
Ukraine to significantly increase the renewable energy production by 2020
Ukraine is planning to triple the share of renewable energy in its overall energy balance from the current 3.8 % to 11 % by 2020, according to declarations made by Deputy Regional Development Minister Roman Abramovsky.
read more... 14/07/2015
OPEC oil production rocketed to three-year high in June
The Organisation of Petroleum Exporting Countries (OPEC) oil supply has rocketed to a three year high in June due to a record breaking output from Iraq and flat exports from Saudi Arabia.
read more... 06/07/2015
Netherlands to slash production at Groningen gas field at 30 bcm
Production at the Groningen gas field will be capped further his year, as decided by Dutch Economy Minister Henk Kamp on Monday.
read more... 23/06/2015
Daily: Crude oil gains 2% on OPEC decision to hold output level
Crude oil established its first hike in three days on Friday, up 2 percent immediately after the OPEC’s cartel decision to hold production levels at 30 million barrels per day. Crude oil prices were volatile after the OPEC’s announcement, with Brent trading in a narrow range around $62 a barrel, before ending the day up at $63.31 a barrel. On April 16, the European benchmark hit a low of $60.94. For the week, it fell 3.6 percent. WTI crude firmed by $1.13, or almost 2 percent, to settle at $59.13. It lost 2 percent on the week.
read more... 08/06/2015
Siemens inks 8 billion euro electricity agreement with Egypt
German industrial firm Siemens inked an 8 billion euro agreement ($9 billion) with Egypt on Wednesday to provide gas and wind electricity plants to increase the North African country's power production by 50 percent.
read more... 04/06/2015