JNN 06 Feb 2016 Moscow : Moscow is gaining momentum as the biggest seller of crude oil to China, with Russian crude supplies overtaking those from Saudi Arabia. Continue reading
Tag Archives: Energy
UAE to buy Uranium for Its Nuclear Plants
ABU DHABI - Model of Nuclear Reactor plant displayed at Emirates Nuclear Energy Corporation office the plant will be built near Al Ruwais in Abu Dhabi. Ravindranath.K / The National
JNN 31 July 2011 : The United Arab Emirates is advancing its plans to buy the uranium that will be needed to begin operating nuclear power plants. Continue reading
5 new gas, oil fields discovered in Iran
JNN 17 May 2011 TEHRAN – Iran has discovered 5 new oil and gas fields which hold over 500 million barrels of oil and 5 trillion cubic feet of gas, the exploration director of the National Iranian Oil Company announced here on Monday. Continue reading
Irani students Introduces solar-powered car
JNN 09 April 2011 : Iranian students from the vehicular research department at the University of Qazvin have designed an entirely solar-powered vehicle named “Havin.” Continue reading Irani students Introduces solar-powered car
JNN 09 April 2011 : Iranian students from the vehicular research department at the University of Qazvin have designed an entirely solar-powered vehicle named “Havin.” Continue reading Oil prices highest in two years, pushing closer to $100
JNN 28 Dec 2010 : Global oil prices are pushing closer to $100 a barrel as the cold weather around the world has raised demand.Benchmark Brent crude closed 48 cents down at more than $93 on Friday after hitting nearly $95 earlier in the day, the highest level since October 2008.
The rally in Brent crude is partly due to the severe cold snap in Europe, with more freezing temperatures and snow predicted in parts of Europe over the weekend expected to boost fuel demand.
Meanwhile, a group of OPEC ministers is scheduled to meet in Egypt this weekend to discuss oil production and prices, but analysts predict more gains for oil prices in the coming week.
“The reality is that the growth of emerging markets is driving up oil prices, but oil prices are not restraining emerging economies in any significant way,” Reuters quoted Sara Johnson, senior research director of global economics at IHS Global Insights in Lexington, Massachusetts, as saying.
Higher prices can reduce demand and boost production costs, but the impact will not be that great as many countries have fuel subsidies, which ease manufacturing, transportation, and consumer costs, she stated.
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