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Coal to become the main fuel in Southeast Asia by 2035
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
The world will continue to depend on coal
According to a report released by the International Energy Agency, coal will be the most used fuel worldwide by 2030 as developing countries are powering the rapidly increasing cities and rural areas where billions of people have had no power.
read more... 01/10/2013
Daily: German power prices strike a new five-month high on firmer fuel
Brent crude futures traded steady over $111 a barrel on Thursday as players waited to see if diplomatic efforts to eliminate Syria's chemical weapons avoid the threat of U.S. military action that could lead to disruption of oil supplies.
read more... 13/09/2013
Could the attack on Syria trigger a fuel crisis?
The worries that a potential US strike on Syria would spread unrest and further disrupt Middle East crude supplies had driven up oil prices in recent weeks.
read more... 10/09/2013
Petroleum products consumption increased worldwide
The world’s consumption of petroleum products such as gasoline, diesel fuel, jet fuel, heating oil, and other products reached a record high last year, even if there was a decline in consumption in North America and Europe. According to the Energy Information Administration, in 2012 the world consumed about 88.9 million barrels of petroleum products per day.
read more... 30/08/2013