Latest news
Daily – power up on lower wind power output
U.S. and Brent crude oil futures soared on Thursday on European efforts to “deliver” aid to region’s troubled banks and on lower increase in U.S jobless data as expected previous week.
read more... 07/10/2011
CO2 emissions reach a historical high of 5.8 % in 2010
Global carbon emissions saw a full fluctuation after the recession from 2009, soaring by 5.8 % in 2010, according a recent released report by the Netherlands Environmental Protection Agency.
read more... 07/10/2011
Daily – higher than expected drop in U.S. crude inventories
Crude oil futures continued to increase on Wednesday on released report by the U.S. government about a drop in crude oil stockpiles previous week against expectations that would be higher. NYMEX crude for November delivery traded at 79.68 dollars a barrel, lifting 4.01 dollars after having traded from 76.94 to 79.79 dollars. By 14:42 GMT, ICE Brent crude for November delivery traded at 102.29 dollars a barrel, adding 2.50 dollars after a trading range between 100.66 and 102.56 dollars.
read more... 06/10/2011
Japan to enact feed-in tariffs for renewable energy
In the wave of the nuclear disaster that occurred in Japan on March, 11, the government aimed renewable energy as an alternative clean energy generation. Japan’s Upper House of the Diet has approved feed-in tariffs that come into force as of July 1, 2012, under which utilities shall acquire power generated from renewable sources for a set price and period.
read more... 06/10/2011
Saudi Arabia could turn into a gas importer
According to a senior official from Russian Gazprom, the major oil and gas producer, Saudi Arabia could be turned into a gas importer by the end of the next decade, due to soaring demand for natural gas in the Middle East.
read more... 06/10/2011