Latest news
Oil drops below $70 per barrel
Oil hit its lowest three months’ level below $70 per barrel on Monday, registering a loss of about 17% during last two weeks, due to Europe's debt crisis, the weak euro and increasing U.S. oil stocks.
read more... 17/05/2010
U.S. Renewables Group targets a fund for renewable energy projects in China
U.S. Renewables Group, which has various investments in renewable energies across North America, plans to raise a fund of up to 2 billion Yuan (293 million USD) for renewable energy projects in China.
read more... 13/05/2010
Increase in crude oil inventories
On Wednesday, U.S. crude stocks increased more than forecasted, while gasoline stocks registered a drop, according to Energy Information Administration.
read more... 13/05/2010
Oil price stable at $80
On Thursday, oil prices hold around $ 80 per barrel, as a consequence of the U.S. worries over Greece’s economic situation.
read more... 06/05/2010
Oil price fell
Both, the strengthening of U.S. dollar and large U.S. crude and fuel stocks, have influenced the oil price on Tuesday which fell below $86 per barrel, after reaching $87.15 per barrel on Monday, the highest level for the last 19 months, when the price for oil crude reached $89.82, in October 9, 2008.
read more... 04/05/2010