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Daily: Crude oil prices fall on IEA forecast
Crude oil prices settled down on Thursday after the International Energy Agency (IEA) slashed its forecast for energy demand growth this year for the third consecutive month. However, Brent prices dropped more sharply than U.S. crude, reducing the spread between Brent and U.S. West Texas Intermediate to a nine-month low of $10.59 at one point on Thursday, before settling at $10.76.
read more... 12/04/2013
China’s wind power output up 41% in 2012
According to National Energy Administration, China has registered a 41% increase in the production of wind power in 2012. The Asian nation has produced 100.8 billion kilowatt-hours of wind power last year, while in 2011 it produced 71.5 billion kilowatt-hours.
read more... 11/04/2013
France Geothermal Fracking Energy Polemics
France is pushing ahead with plans to exploit geothermal energy trapped in rocks deep in the earth using hydraulic drilling methods, a technique which was forbidden in 2011.
read more... 08/04/2013
Gazprom to reconsider Yamal-Europe 2 pipeline project
Russian President Vladimir Putin has ordered energy gain Gazprom to return working on a plan to build a second branch for natural gas pipeline from the Yamal region to Europe.
read more... 05/04/2013
Vestas to supply wind turbines for the largest wind power plant in Ukraine
Vestas Wind Systems A/S, the Danish manufacturer of wind turbines, has inked a contract to supply wind turbines to the Botievo II project in Ukraine from energy firm DTEK.
read more... 04/04/2013