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OPEC Report: Cautious About 2011 World Oil Market

Πεμ, 15 Ιουλίου 2010 - 18:37

The Organization of Petroleum Exporting Countries Thursday said it expects moderate global oil demand growth next year, in an indication the oil cartel will probably have to keep its big existing supply cuts in place well into a third straight year.

Italy Renewables Incentives Needs To Be Reformed - Regulator

Πεμ, 15 Ιουλίου 2010 - 18:36

Italy's incentives system for renewables is inefficient and utility bills are in danger of rising 20% by 2020 without the necessary reform, the country's energy regulator said Thursday.

Tax Hikes Hitting Gas Stations Hard

Πεμ, 15 Ιουλίου 2010 - 15:08

A large number of gas stations may be forced to close due to growing problems in the sector, the head of the Federation of Gasoline Station Owners (OBE), Michalis Kiousis, said yesterday.

ITGI Investment

Πεμ, 15 Ιουλίου 2010 - 15:07

Total investment in the Interconnector-Turkey-Greece-Italy (ITGI) natural gas pipeline to bring Caspian gas via Turkey to Greece and Italy may reach 2.5 billion euros ($3.2 billion), the Turkey representative of energy company Edison said yesterday.

Commission Slams Poland Over Gazprom Clause

Πεμ, 15 Ιουλίου 2010 - 15:04

Poland is preventing EU companies from buying its surplus Russian gas, infringing EU internal market rules, the European Commission said yesterday (14 July).

EU's Big Three Issue Joint Call for 30% CO2 Cuts

Πεμ, 15 Ιουλίου 2010 - 15:03

Ministers from the UK, France and Germany have issued a joint call for the EU to raise its emissions reduction target to 30% by 2020.

German Nuclear Lifespan Extension Auction Not Urgent-Ministers

Τετ, 14 Ιουλίου 2010 - 18:59

Auctioning extensions to the lifespans of nuclear power plants isn't an urgent issue at present, German Environment Minister Norbert Roettgen and Economics Minister Rainer Bruederle said Wednesday.

Russia Promises Iran Fuel Despite Sanctions - Minister

Τετ, 14 Ιουλίου 2010 - 18:59

Russian companies are ready to supply fuel to energy-hungry Iran, despite unilateral U.S. and European Union sanctions targeting Iran's oil and gas sectors, the Russian energy minister said Wednesday.

Siemens To Announce Wind Power JV With Russia Thu - Spokesman

Τετ, 14 Ιουλίου 2010 - 18:59

German industrial conglomerate Siemens AG (SI) will announce a joint venture Thursday with two Russian partners for producing wind turbines in Russia, a spokesman said Wednesday.

Chinese Steel Demand To Peak In 2024; Ebb Slowly -Analysts

Τετ, 14 Ιουλίου 2010 - 18:58

Chinese steel demand will peak in 2024 in a range of 700-800 kilograms per person, doubling the per capita level of use in 2008 of 375 kg, and then decline only slowly in following years, according to an analysis on China's metal intensity use presented Wednesday by Westpac Banking Corp. (WBC.AU) senior economist Huw McKay.

Rio Tinto: 2Q Iron Ore Output 43.6M Metric Tons, Down 2% On Year

Τετ, 14 Ιουλίου 2010 - 18:58

Iron ore production by Rio Tinto Ltd. (RIO.AU) fell 2% in the second quarter of 2010 compared with the same period last year, but improved 1% from the first three months of the year, to 43.6 million metric tons, the company said Wednesday.

EU-US to Collaborate on Rare Earths

Τετ, 14 Ιουλίου 2010 - 13:41

The US Congress and the European Parliament could hold parallel hearings and produce a joint communiqué on crucial raw materials as part of efforts to cooperate on areas of strategic interest, according to a senior Washington policymaker.

Russia Tries to Involve Germany in South Stream to Weaken Nabucco

Τετ, 14 Ιουλίου 2010 - 13:39

The possible participation of a strong German partner in the Russian-Italian South Stream gas pipeline project could undermine the rival Nabucco pipeline, Kommersant business daily said on Wednesday.