2014-11-01 12:45:00
OPEC: OIL PRICE WAR
Members of OPEC, the group that supplies 40 percent of the world's oil, are engaged in an internal price war as they seek to preserve their share of an oversupplied market, Iraqi Oil Minister Adel Abdul Mahdi said.
"There is a price war within OPEC," Abdul Mahdi told an evening session of the parliament in Baghdad yesterday, which was broadcast on state-run television. "The market's fundamentals have changed, with an extra 3 million barrels a day of crude entering the market at a time when growth in China and India has slowed."
Crude prices have collapsed more than 20 percent from their June peak, meeting a…
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2020, September, 25, 12:49:00
TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
We are glad to announce that the 15th Technical Conference Tank Farms and Oil Terminals: from Advanced Design to Operational Excellence 2020 is now open.
The event will take place on 12-13 November 2020, in Saint-Petersburg.
2020, September, 25, 12:45:00
GLOBAL RENEWABLE PERSPECTIVES & RISKS
Key risks for the renewables sector are reductions in direct subsidies and tax credits as observed in China, Europe, and the US, permitting barriers and a cloudier outlook for long-term electricity prices.
2020, September, 25, 12:40:00
GLOBAL ENERGY TRANSITION FOR CLIMATE
Several oil majors are charting a faster shift to cleaner energy.
2020, September, 25, 12:35:00
EUROPE'S CLIMATE TARGETS
These goals are appropriately ambitious, while also realistic and achievable. Climate change mitigation is not a luxury but a necessity if we want to avoid a climate crisis.
2020, September, 25, 12:30:00
THE NEW MICRO NUCLEAR
“Radiant is developing the first power generation system that can go anywhere,” company co-founder Doug Bernauer told
2020, September, 24, 12:35:00
OIL PRICE: BELOW $42 YET
Brent dropped 34 cents, or 0.8%, to $41.43 a barrel, WTI fell 37 cents, or 0.9%, to $39.56 a barrel.
2020, September, 24, 12:30:00
RUSSIA'S NUCLEAR FOR CLIMATE CHANGE
Russia has 36 nuclear power units in operation and three new ones under construction. In March, Russia's Ministry for Economic Development published a draft strategy for low-carbon development to 2050. The strategy's basic scenario would see nuclear output grow from 203 TWh in 2017 to 225 TWh in 2030 and 260 TWh in 2050. State nuclear corporation Rosatom's foreign orders include 36 units, which are at various stages of implementation.