Oil | Energy-Saving News

What are Algae Biofuels?

Posted on 24. Aug, 2009 by Ross.

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Algae-based biofuels, or algal biofuels, are sources of biodiesel, bioethanol and other biofuels derived from simple organisms such as algae and phytoplankton. As with plants and other photosynthetic organisms, algae use sunlight to convert water and carbon dioxide into oxygen and biomass.
Why bother with algal biofuels?
The key reasons to research biofuels are of course all [...]

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Russia Continuing To Strengthen Grip On Europe’s Energy Supplies

Posted on 30. Jun, 2009 by Ross.

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Three more deals made by Russian state-controlled gas and oil titan Gazprom heated up the race for Russia to tie up strategic supplies before Europe is able to diversify it’s supply, continuing the threat of energy shortages and supply cut-offs.
The acquisition of UK-listed oil producer Sibir Energy PLC was perhaps the key domestic move, giving [...]

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Oil Prices Rise Above $60 As The Dollar Continues To Weaken

Posted on 21. May, 2009 by Ross.

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OPEC countries are starting to breathe a little easier as their productions cuts, coupled with the weakening dollar, have seen crude oil prices cease trading above $60 for the first time in six months.
Oil prices had slumped below $40 back in March, but have since seen a strong resurgence through a combination of China building [...]

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Energy Investment: Today’s Delays are Tomorrow’s Disasters

Posted on 11. Feb, 2009 by Ross.

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As the global downturn continues, demand for energy has dropped as manufacturers reduce production or go under. Talking to energy executives in Houston this week though, BP Chief Executive Tony Hayward warned of the dangers of complacency in failing to invest despite the recession.
In response to turbulent oil prices, OPEC has recently embarked on significant [...]

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Oil Supply Cuts: The Winners & Losers

Posted on 04. Feb, 2009 by Ross.

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As energy shortages drive oil prices upwards once more, developing nations stand to gain and lose the most.
After a series of falls in the price of crude oil, OPEC has been slashing production to try to stabilise - and then substantially increase - the price once more, with US agency predictions expecting oil prices to [...]

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Oil Prices To Return To $100 A Barrel By End Of 2009

Posted on 28. Jan, 2009 by Ross.

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Prices of crude oil may rise back up to $100 a barrel this year despite the drop in demand brought on by the current economic downturn. This was the projection from a monthly report released yesterday by the Centre for Global Energy Studies (CGES), based on the Organisation of Petroleum Exporting Countries (OPEC) fully implementing [...]