Latest news
Work launched at the Greek section of Trans-Adriatic gas pipeline
Greece started on Tuesday the construction on a 550-kilometre (342-mile) section of the Trans-Adriatic Pipeline (TAP) which will carry Caspian gas to European markets in an attempt to reduce their reliance on Russia.
read more... 18/05/2016
France to set a carbon price floor of about 30 euros/tonne
France will establish a carbon price floor of about 30 euros ($33.95) a tonne in its 2017 finance bill, to compel French companies to further reduce the volume of their carbon emissions.
read more... 18/05/2016
Renewables could transform the heating sector in Europe by 2040
Renewable sources could supply 49% of the energy used to heat Europe’s households by 2040, reducing natural gas demand and helping to slash carbon dioxide emissions, said the U.S. energy consulting firm IHS.
read more... 13/05/2016
Daily: Oil prices rebound on outage, API data showing considerable U.S. crude stockpiles increase
Brent crude rose by 4 percent on Tuesday, while U.S crude increased over 2 percent, after a late buying boom driven partly by forecasts that record U.S. crude stockpiles would not surge as much as they have in recent week. Crude supply outages in Canada, Nigeria and elsewhere also spurred prices. Brent increased by $1.89, or 4.3 percent, to close at $45.52 per barrel. U.S. crude's West Texas Intermediate (WTI) futures boosted 1.22, or 2.8 percent, to settle at $44.66. WTI pared gains after API data. The American Petroleum Institute (API) said that U.S. crude inventories increased by 3.45 million barrels to record highs of 543.1 million during the week ended May 6.
read more... 11/05/2016
India and Iran will clear $6.4 billion oil payments through European banks
The central banks of India and Iran have apparently decided to use European Banks to clear oil payments to Tehran. They are valued at $6.4 billion (£4.4bn), according to Indian Oil Minister Dharmendra Pradhan.
read more... 09/05/2016