Latest news
What is the future of coal?
According to the U.S. Energy Information Administration, coal production is predicted to increase by 2.5% in 2014 or 1,033 million short tons more, while coal consumption is expected to continue to grow rapidly in emerging markets, with China alone commissioning about 600 GW of new coal-fired generating units by 2030.
read more... 23/12/2013
EIA: U.S. crude oil output to hit an unprecedented high of 9.5 million bpd
U.S. oil production is expected to hit an unprecedented high by 2016, with 9.5 million barrels per day, near the all-time high set in the boom of 1970, according to the Annual Energy Outlook, released by U.S. Energy Information Administration (EIA).
read more... 17/12/2013
Europe threatened by blackouts
Energy companies informed that Europe could face power blackouts if the economy in Europe would improve while energy provision would remain inadequate. Energy security in Europe is under menace and the area could soon be exposed to substantial power outages during this winter, due to a lack of production capacity.
read more... 11/12/2013
Shale gas production in China reached 143 million cubic meters
The National Energy Administration has announced that China's shale gas production has reached 143 million cubic meters. The country's largest refiner Sinopec Co has drilled nearly 30 pilot shale gas wells in the Fuling area of Chongqing municipality in southwest China, part of the Sichuan basin, one of the most promising geological zones for the unconventional fuel. Six of the wells are pumping about 1.06 million cubic meters of gas, or an average of nearly 180,000 cubic meters per well.
read more... 06/12/2013
Daily: British day-ahead gas at the highest level since April on Norwegian production outage
Brent crude futures climbed to a 10-week high on Monday, buoyed by strong manufacturing data from China and the United States, and concerns about supplies of Russian crude. Brent crude for January traded $1.76 higher to settle at $111.45 a barrel, after touching a session high of $112.34. Meanwhile, U.S. crude increased $1.10 to settle at $93.82 a barrel. The spread between the two contracts closed at $17.63, after having fluctuating over $2 between $16.22 and $18.44 during the session.
read more... 03/12/2013