Latest news
Japan to cut volumes of Iranian crude oil imports after April
Japan, the world's third largest oil consumer, announced that it is going to cut sharply its Iranian crude imports under new contracts to be concluded soon, following US and European sanctions over Tehran's nuclear programme.
read more... 09/04/2012
Spain halts the award of new feed-in tariff contracts
The new center-right Spanish government decided to halt temporarily the award of new feed-in tariff contracts starting January 2013 amid rising fiscal challenges. This could affect negatively about 4,500 MW and 550 MW of wind and solar PV power projects respectively, as well as other energy classes’ projects.
read more... 23/03/2012
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012
Iran and China to keep oil prices high
Crude oil market went across difficult times when markets clashed with several supply issues in Iran and increasing demand coming from Asia and China. These movements could help increase oil prices along with a weaker U.S. dollar that could add a final drop to push U.S. prices to 118 dollars a barrel by the fourth quarter of 2012. West Texas Intermediate contracts for March delivery, currently trading at 103.52 dollars a barrel, have gained on eight of the last ten trading days while Brent, the international benchmark, recorded six positive sessions over the same time frame and was at 119.62 dollars as of 4:20PM in New York on Friday.
read more... 21/02/2012
E.ON and Hydrocop to struggle for hydro concessions in France
German utility E.ON and France-based Hydrocop Concessions, a group of eight energy distributors, announced their plans to bid for hydropower contracts in France.
read more... 09/02/2012