Latest news
Saft Groupe could end the construction of the largest Solar-Storage Utility by the end of this year
According to officials of the French battery maker, Saft Groupe SA Company, the construction of the largest storage system of a photovoltaic plant in Europe will be completed by the end of this year.
read more... 06/04/2011
Daily Energy Overview, Thursday, February 10, 2011
Brent crude futures increased over 101 dollars a barrel on Wednesday supported by a weaker dollar and the continue turmoil in Egypt that would affect the oil supply in the region. Meanwhile, the ICE Brent March crude increased 1.90 dollars to 101.82 dollars a barrel.
read more... 10/02/2011
Civilian nuclear deal enables U.S., Russia to develop nuclear reactors.
One of the practical application of a new civilian agreement between Russia and United States could be the common development of nuclear reactors, sustained a Russian lawmaker on Tuesday. The so-called 123 agreement which focuses on closer cooperation on nuclear research, production and trade entered into force on 9th of December.
read more... 15/12/2010
Lawmaker assures enough supply of LPG for Christmas
A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.
read more... 14/12/2010
Daily Market Update, Monday, November 01, 2010
Oil was up to around $82 per barrel on Monday due to the U.S. Federal Reserve commitment to start a new round of monetary stimulus this week, because of weaker dollar. At 10:52 GMT, U.S. crude for December increased at $82.14 per barrel, while ICE Brent increased by 76 cents arriving at $83.91 per barrel.
read more... 02/11/2010