There are three possible outcomes to the OPEC meeting: either they leave the situation as it is, or stick to a 30 million barrel per day ceiling, or cut oil production, Stuart Elliott, Senior Managing Editor of Europe & Africa Oil News, told RT.
Russia’s largest hydroelectric company RusHydro says it is looking for an Asian buyer for its share of a loss-making energy distribution business in the Far East. Media reports say Chinese company Sanxia is a likely candidate.
Britain’s first poo-powered bus has done the business - making its maiden journey through the west of England. The bus service, which will run between Bristol and Bath, is completely powered by treated sewage and food waste.
Iran is not budging over negotiations surrounding its Arak reactor, Tehran’s nuclear chief said Thursday as the IAEA boss stated that the country has failed to provide details and explanations over suspected atomic weapons research.
Two out of ten coal-fired power plants in Ukraine only have enough stock for a few days, as the key coal mines supplying the plants are located in Donbass where Kiev and self-defense forces are fighting, says Ukraine's Deputy Energy Minister Yury Zyukov.
Donald Blankenship, former chief executive of Massey Energy Co., was indicted Thursday on charges that he violated mine safety laws ahead of an April 2010 blast that killed 29 miners at the company’s Upper Big Branch mine in West Virginia.
Harsh penalties will be enforced on multinationals and top earners that engage in aggressive tax dodging should Labour secure victory in the upcoming general election. The party has also vowed to tackle so-called ‘zero-hours’ contracts.
The US House is expected to vote and pass legislation on Friday that would finally sanction the controversial Keystone XL tar sands pipeline, which would move heavy crude oil from Canada to the Gulf of Mexico.
Ukraine doesn’t see other options than to buy gas from Russia, or coal from the self-proclaimed Donetsk People’s Republic, to keep the country warm this winter, said Yury Prodan Ukrainian Energy and Coal Industry Minister.