Latest news
Daily energy Overview, Tuesday, June 07, 2011
U.S. and Brent crude oil futures traded at their lowest level over the last two weeks on Monday on expectations OPEC will increase its output target at its meeting in Vienna. ICE Brent crude for July delivery valued 114.48 dollars a barrel, down 1.18 percent after trading from 113.96 to 116.14 dollars, while U.S. crude traded at 99.01 dollars a barrel, down 1.21 dollars, after trading between 98.64 and 100.68 dollars.
read more... 07/06/2011
The German government adopted nuclear exit bill
The German government passed a bill, this Monday, which provides the phase out nuclear power in Germany by 2020, making the country the first major economic power in the world to turn away from nuclear.
read more... 07/06/2011
Daily energy Overview, Monday, June 06, 2011
Crude oil futures were mixed on Friday after a volatile trading, with Brent crude up supported by a weaker dollar and the turmoil in the Middle East countries, and U.S. crude futures down weighed down by disappointing US unemployment data.
read more... 06/06/2011
Daily energy Overview, Friday, June 03, 2011
Crude oil futures went up on Thursday in volatile trading as the dollar weakened and the euro surged on news about a new program for debt-laden Greece. U.S. crude for July delivery traded at 100.40 dollars a barrel, up 11 cents, after a trading range between 98.46 and 100.90 dollars, while ICE Brent crude for July delivery settle at 115.54 dollars a barrel, up 1.01 dollars, trading from 113.74 to 115.83 dollars.
read more... 03/06/2011
UK nuclear power plants to pass a “stress test”
In the wake of German nuclear energy phase out, British nuclear power plants have to pass a “stress test” starting next month. European safety regulators have agreed on the assessment of all nuclear plants against risks caused by natural disasters starting June 1st.
read more... 03/06/2011