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News

UK Regulators Approve EDF Energy's New Nuclear Reactor Designs

UK Regulators Approve EDF Energy's New Nuclear Reactor Designs

Dec 13, 2012 at 16:42 | Joao Peixe

The UK Office for Nuclear Regulation and the Environment Agency have just approved the designs for a new type of nuclear reactor which has been designed by the French engineering…

Shareholders Jump Ship as Gazprom Pays for Putin's Political Priorities

Shareholders Jump Ship as Gazprom Pays for Putin's Political Priorities

Dec 12, 2012 at 16:52 | Charles Kennedy

Bloomberg has estimated that Gazprom (OGZPY) will beat Exxon Mobil (NYSE:XOM) this year to become the most profitable energy company in the world; earning $37.9 billion. Yet despite this remarkable…

Norway Begin Testing Thorium in Nuclear Reactors

Norway Begin Testing Thorium in Nuclear Reactors

Dec 12, 2012 at 16:51 | Joao Peixe

Norway is the biggest oil producer in Europe, and the 13th largest producer in the world, yet this fact does not stop it from pursing an alternative source of energy…

Why Achieving Energy Independence will Change Nothing for the US

Why Achieving Energy Independence will Change Nothing for the US

Dec 12, 2012 at 16:50 | Joao Peixe

According to the IEA’s World Energy Outlook 2012, the US will become a net energy exporter by 2035, due to technological developments which have increased the extraction efficiency of both…

Iran's Stock Exchange Rally's Despite Contracting Economy

Iran's Stock Exchange Rally's Despite Contracting Economy

Dec 12, 2012 at 16:49 | James Burgess

Western sanctions have severely restricted certain important sectors in the Iranian economy, leading to a weak currency, high unemployment, and a double-digit inflation rate. Yet despite the contraction of the…

Tanker Rates Rise to Four Year High, as Demand for Naphtha Increases

Tanker Rates Rise to Four Year High, as Demand for Naphtha Increases

Dec 11, 2012 at 16:35 | Joao Peixe

Rising demand from Asia for naphtha, a product refined from crude oil and essential for the production of most types of plastic, along with a shortage in the number of…

India Signs Deal with Iran to Develop its Renewable Energy Sector

India Signs Deal with Iran to Develop its Renewable Energy Sector

Dec 11, 2012 at 16:34 | Joao Peixe

Yousef Armodeli, the chief of the Iranian Renewable Energy Organisation (SUNA) has announced that India have signed an agreement to invest in Iran’s renewable energy sector with the construction of…

Fresno, Cali. Announced as America's Dirtiest City

Fresno, Cali. Announced as America's Dirtiest City

Dec 11, 2012 at 16:33 | James Burgess

A study of US cities has named the Dirtiest City in America as Fresno, California. The Central Valley city can share its shame with other Californian neighbours such as Modesto,…

Is Mongolia's Resource Boom on the Brink of Collapse?

Is Mongolia's Resource Boom on the Brink of Collapse?

Dec 11, 2012 at 16:31 | Charles Kennedy

Mongolia was the world’s fastest growing economy last year, driven by foreign investment and rapid developments in its rich coal, copper and gold mining sectors. Now it looks like all…

Mervin King Warns of Global Currency Wars

Mervin King Warns of Global Currency Wars

Dec 11, 2012 at 16:29 | Editorial Dept

The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and…


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