1. English Edition

English Edition

World Looks To Saudi Arabia After Iran Thwarts Output Bid

World Looks To Saudi Arabia After Iran Thwarts Output Bid

Πεμ, 9 Ιουνίου 2011 - 17:12

OPEC's failure to increase production Wednesday brought immediate bad news for oil consumers, in the form of higher prices. However, big oil importers should take heart from what may be an important silver lining to this cloud.

Projections of Sustainability in China Solar

Projections of Sustainability in China Solar

Πεμ, 9 Ιουνίου 2011 - 17:12

Today, www.WorldStreetFundamentals.com released its industry report highlighting LDK Solar Co., Ltd. (NYSE: LDK) and JA Solar Holdings Co., Ltd. (NASDAQ: JASO). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Russia, China to Maintain ESPO Pipeline Oil Price Formula

Russia, China to Maintain ESPO Pipeline Oil Price Formula

Πεμ, 9 Ιουνίου 2011 - 14:11

Russia and China have agreed to leave unchanged the price formula for oil supplies via the East Siberia-Pacific Ocean oil pipeline, which exports Russian crude oil to the Asia-Pacific markets, a source at the Energy Ministry said on Thursday.

Gazprom Neft Wants to Start Oil Production in Venezuela in 2013

Gazprom Neft Wants to Start Oil Production in Venezuela in 2013

Πεμ, 9 Ιουνίου 2011 - 14:10

Russia's Gazprom Neft, the oil arm of state-controlled energy giant Gazprom, wants to start oil production at the Junin-6 block in the oil-rich Orinoco River belt in Venezuela in 2013, CEO Alexander Dyukov said on Thursday.

Exxon Makes Big Find In US Gulf

Exxon Makes Big Find In US Gulf

Τετ, 8 Ιουνίου 2011 - 18:05

Exxon Mobil's (XOM) discovery of several reservoirs in Keathley Canyon containing an estimated total resource of more than 700M barrels of oil equivalent is big by US Gulf of Mexico standards.

Tepco Plans Radioactive Water Release from Second Plant

Tepco Plans Radioactive Water Release from Second Plant

Τετ, 8 Ιουνίου 2011 - 18:04

Tokyo Electric Power Co. plans to release 3,000 tons of lightly radioactive water into the ocean from the Fukushima Daini nuclear complex, the sister plant of the stricken Fukushima Daiichi complex, officials said Wednesday.

OPEC News Shows Power Shift -Petromatrix

OPEC News Shows Power Shift -Petromatrix

Τετ, 8 Ιουνίου 2011 - 18:04

OPEC's decision to keep its output unchanged Wednesday reflects the changing balance of power within the group, says a Olivier Jakob at Petromatrix.

OPEC Talks Break Down, No Deal on Output

OPEC Talks Break Down, No Deal on Output

Τετ, 8 Ιουνίου 2011 - 18:03

OPEC talks broke down in acrimony on Wednesday without an agreement to raise output after Saudi Arabiafailed to convince the cartel to lift production.

Azeri SOCAR Wants to Buy Assets in Greece, Turkey

Azeri SOCAR Wants to Buy Assets in Greece, Turkey

Τετ, 8 Ιουνίου 2011 - 18:02

Azeri state energy form SOCAR wants to participate in tenders to buy stakes in Greek state company DEPA and in the Turkish gas distribution network, a SOCAR official said on Tuesday.

Kuwait Oil Minister Expects OPEC To Increase Output

Kuwait Oil Minister Expects OPEC To Increase Output

Τρι, 7 Ιουνίου 2011 - 17:15

Kuwait's Oil Minister Mohammad Al-Busairi expects the Organization of Petroleum Exporting Countries to increase output levels at its Wednesday meeting in Vienna, the Reuters news agency reports Tuesday.

Vattenfall Seeks Compensation For German Nuclear Exit

Vattenfall Seeks Compensation For German Nuclear Exit

Τρι, 7 Ιουνίου 2011 - 17:15

Swedish utility Vattenfall Tuesday said it expects to receive "fair compensation" for its financial losses following Germany's decision to exit all nuclear power generation.

Shells Pearl Plant To Be Key Test Of GTL Profitability Vs LNG

Shell's Pearl Plant To Be Key Test Of GTL Profitability Vs LNG

Τρι, 7 Ιουνίου 2011 - 17:15

The success of Royal Dutch Shell PLC's (RDSA.LN) new Pearl gas-to-liquids complex in Qatar will play a key part in determining the profitability of GTL as compared with liquid natural gas following the spike in Asian demand for LNG, Pearl GTL Managing Director Andy Brown said Tuesday.

Eni Agrees To Additional Activities In Egypt

Eni Agrees To Additional Activities In Egypt

Τρι, 7 Ιουνίου 2011 - 17:14

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it agreed with Egypt for additional activities in the North African country, bringing its total investments there in the coming years to around $3 billion.

OPEC Quota Hike May Not Be Enough To Curb High Oil Prices

OPEC Quota Hike May Not Be Enough To Curb High Oil Prices

Τρι, 7 Ιουνίου 2011 - 17:14

A hike in OPEC's output quota is unlikely to bring down high oil prices unless it is a real increase in actual supply above current production levels that changes the fundamentals in the market, analysts said ahead of the group's meeting Wednesday.

Japan To Report Nuclear Melt-Throughs To IAEA

Japan To Report Nuclear Melt-Throughs To IAEA

Τρι, 7 Ιουνίου 2011 - 17:13

Japan in a report prepared for the UN nuclear watchdog on Tuesday said for the first time that fuel in its crippled Fukushima plant may have melted through three reactor core vessels.