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IEA announces the proportion of oil release

Last week, the IEA announced that it will release 60 million-barrel of oil from its strategic reserves after consumer nations unsuccessfully exerted pressure on the Organization of the Petroleum Exporting Countries to increase its oil production at a meeting this month.

read more... 28/06/2011

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Russia and China against sanctions to Syria over its nuclear programme

Syria’s international reputation suffered on Thursday after the United Nations nuclear watchdog voted to report the country to the Security Council, accusing Syria of a covert nuclear reactor construction and its unwillingness to cooperate with investigators.

read more... 10/06/2011

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China wants emissions talks.

A top Chinese official declared Tuesday that the greenhouse emissions cuts of the wealthy nations do not ensure the prevention of global warming. That said, China's National Development and Reform Commission thinks that the emerging economies should have a larger part in these emissions, thus allowing them to develop.

read more... 06/10/2010

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