The estimate of global oil demand has been slithly lowered to 90.7 (mb/d) in 2013, following downward revisions to the International Monetary Fund’s forecast of economic activity, the IEA said in its February Oil Market Report. Crude oil futures breached nine-month highs in early February, propelled by stronger economic signals from China and the United …
Category: Energy
Oct 18
Europe: calls
Environment Financial support for New Knowledge for an integrated management of human activities in the sea. Open call for proposals PP/ENV/SEA 2012 in the framework of the Pilot Project “New Knowledge for an integrated management of human activities in the sea”. Finance available: EUR 2.000.000. Deadline for applications: 19 December 2012, 17:00 hrs (Brussels time) …
Oct 01
Will high oil prices permanently cap economic growth?
The answer to this question is positive, Jeff Rubin said to Bloomberg past week. “For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies.” See also our recent posts …
Sep 29
Renewables records in the European Union
About two-thirds of all the solar panels installed around the world in 2011 found homes in Europe, reports the European Union Joint Research Center. Collectively, European countries installed 18.5 gigawatts (GW) of solar in 2011 – an investment of $84 billion – bringing the region’s capacity to 52 GW. Germany accounts for 30 GW of that. …
Sep 28
Peak Cheap Oil: Cantarell hits record low
Cantarell’s production has slid 74 percent since 2006 to 449,000 barrels a day last year, dragging down the country’s daily output. Cantarell’s output fell 14 percent from April 2011 to 400,000 barrels a day, the lowest since at least 1990, when the Energy Ministry started to publish Pemex’s production. Petroleos Mexicanos, the world’s third-largest oil …
Sep 28
Quinto Conto Energia
Il DM 5 luglio 2012, pubblicato sulla Gazzetta Ufficiale n. 159 del 10 luglio 2012, cosiddetto Quinto Conto Energia, ridefinisce le modalità di incentivazione per la produzione di energia elettrica da fonte fotovoltaica. Le modalità di incentivazione previste dal Quinto Conto Energia si applicano a partire dal 27 agosto 2012 e cessano decorsi 30 giorni …