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Natural gas – the fuel of the future?
Natural gas is believed to be one of the most important energy sources for the future. The great quantity of natural gas together with its environmental reliability and numerous appliances across all sectors signifies that natural gas will keep playing an ever more important role in meeting demand in energy. Global demand for natural gas is projected to increase significantly as more states adopt environmentally cleaner fuels to meet future economic growth.
read more... 26/07/2013
Daily: Brent crude trades at 10-week high, but reverses to settle lower ahead of U.S. Fed meeting
Brent crude oil futures hit a 10-week high, settling near $107 a barrel on Monday as tensions in the Middle East intensified, but prices closed slightly lower on the day after a late sell-off in U.S. gasoline futures. U.S. crude oil reached a nine-month high near $99 a barrel but also reversed to end lower, with investors cautious ahead of the U.S. Federal Reserve's two-day policy committee meeting on Tuesday. Meanwhile, Brent crude oil futures ended down 46 cents a barrel at $105.47. U.S. crude eased 8 cents to settle at $97.77 a barrel.
read more... 19/06/2013
Spain to reduce subsidies to renewables
Spain government has recently announced it intends to reduce renewable subsidies by 10-20% by 21 June. The decision came following a meeting between representatives of Spanish and foreign banks and industry officials last month, when it was concluded that government subsidies increased the costs for the functioning of the nation's electrical system, and the costs of running the renewable systems have been higher than the amount of money generated by actual sales of power to households and businesses.
read more... 11/06/2013
Daily: Crude oil declines on U.S gasoline surplus
Crude oil prices dropped on Wednesday following an increase in U.S. gasoline stocks which prompted selling, then crude oil extended losses in late trading after U.S. equities fell in choppy trading, dragged down by the Fed released minutes of its April 30-May 1 meeting.
read more... 23/05/2013
Ukraine could become Eastern Europe’s energy hub
The US State Department's Special Envoy and Coordinator for International Energy Affairs, Carlos Pascual, during a meeting with Ukraine’s Prime Minister Mykola Azarov, stated that Ukraine has the potential to become an energy hub of Eastern Europe.
read more... 07/02/2013