Latest news
UK: renewable generation increased more than 50% in the second quarter of 2013
According to figures offered by DECC in the second quarter of this year renewables output in UK increased 56% to 12.8 TWh. Due to increased capacity and high wind speeds wind production augmented by 62%, hydro was up almost 30% while solar, wave and tidal registered a 22% increase.
read more... 27/09/2013
Ukrainian diversification of natural gas supplies
Since 2011 Ukraine is trying to raise natural gas production levels in the Black Sea from 1 bcm in 2011 to 3 billion cubic meters in 2015.In 2012 the Black Sea production reached 1.2 bcm and is predicted to rise to 1.65 bcm in 2013.Its total gas reserves have been estimated at 5.4 trillion cubic meters.
read more... 25/09/2013
Daily: European coal prices increase to the highest level since May
Crude oil prices declined on both sides of the Atlantic, down more than $1 per barrel on Monday, despite bullish economic data from China and Europe, as higher crude production from Iraq and a possible lessening in U.S.-Iran relations increased the supply panorama. Brent crude for November delivery eased $1.06 to settle at $108.16 per barrel, after hitting a session low of $107.76. Meanwhile, U.S. crude for November declined $1.16 to $103.59 a barrel. Brent's premium over U.S. crude settled at $4.57, little changed from Friday's close of $4.55.
read more... 24/09/2013
A U.S. strike in Syria would increase significantly oil prices
According to some energy market experts, oil prices could increase significantly if the U.S. atacks Syria. Analysts from the bank Societe Generale suggest the price could eventually increase to $125 if air strikes are launched, and $150 per barrel if the military action interrupts production in the region.
read more... 04/09/2013
China could soon become the biggest oil importer in the world
According to new figures from the U.S. Energy Information Administration, China could surpass the U.S. as the world’s largest net oil importer before the end of this year. EIA projects that total annual oil production in the USA will increase 28% in the period from 2011 to 2014, lessening the country’s reliance on foreign oil.
read more... 03/09/2013