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Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 05/04/2013
OPEC: China on the track to become the largest oil importer in the world by 2014
China is on the track to overtake the U.S. as the world’s top crude importer by 2014, with China's oil needs continuing to rise, according to a report released by OPEC.
read more... 05/04/2013
Daily: UK gas prices increase slightly on lower temperatures, low storages
Brent crude shed toward $110 a barrel on Wednesday, declining for a second straight day as increasing oil inventories in the United States and recent pessimistic data fuelled worries about demand from the world's top consumer. U.S. crude oil prices were under pressure on worries about a prolonged pipeline outage in the Midwest.
read more... 04/04/2013
Daily: Crude oil prices mixed on concerns about demand, U.S. pipeline outage
Crude oil futures were mixed on Tuesday on concerns about demand and the possibility of a prolonged pipeline outage in the U.S. Midwest.
read more... 03/04/2013
UK to boost its oil and gas sector
The UK has recently unveiled its plans to bolster the nation’s oil and gas sector as the net energy imports last year increased to their record levels since 1976 due to a sharp decrease in domestic production.
read more... 03/04/2013