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Russia and China failed to sign a major gas deal
Russia and China postponed on Friday the signing of a major deal to supply Gazprom’s natural gas to the top energy consumer, China, after they failed to agree on a price.
read more... 17/06/2011
Oil demand up 1.2 million bpd a year to 2016
According to IEA forecasting, the global oil demand will rise by an average of 1.2million barrels per day (bpd) or by 1.3 percent yearly from 2010 to 2016, with a continuous growth coming entirely from non-OECD countries.
read more... 17/06/2011
Daily energy Overview, Thursday, June 16, 2011
U.S. crude oil prices decreased on Wednesday, having hit the lowest level since February 22, as weak economic data and a stronger dollar weighed on oil prices. U.S. crude oil for July delivery settled at 94.81 dollars a barrel, down 4.56 dollars, the lowest level since front-month crude closed at 93.57 on February 22.
read more... 16/06/2011
Google to invest $280 million in a new project financing fund
Recently, Google agreed to invest $280 million into the biggest clean-energy project financing fund for SolarCity Inc., a company which invests in the installation of new solar systems, said Google’ search engine director of green business operations.
read more... 16/06/2011
Italy to see a sharp rise in its energy bills
According to the head of the oil industry body statements, the Italian energy bills are likely to increase by 16.7 percent in 2011, following soaring oil prices on volatile markets.
read more... 16/06/2011