Wednesday, March 21, 2012



WAfrica Crude-Nigeria loading emerges, Angola offered up 
(Reuters) - The May loading schedule for Nigerian crude was released on Tuesday while Angolan oil has started trading actively ahead, with some cargoes offered at strong differentials, traders said | Reuters 

Germany’s $263 Billion Renewables Shift Biggest Since War 
Not since the allies leveled Germany in World War II has Europe’s biggest economy undertaken a reconstruction of its energy market on this scale | Bloomberg 

Oil price spike would have 'serious consequences,' IMF warns 
The managing director of the International Monetary Fund warned Tuesday that a sudden spike in oil prices would have "serious consequences" for the global recovery | CBC News 

Oil tumbles on Saudi pledge 
Oil prices fell more than $1 a barrel in London and nearly $2 in the U.S. market on Tuesday after Saudi Arabia assured that it will increase crude exports to compensate for the loss of Iranian oil | Financial Post 

U.S. Exempts Japan, 10 EU Nations From Iran
Oil Sanctions 
The Obama administration won’t impose sanctions on Japan and 10 European Union nations that have “significantly” cut back their imports of Iranian oil this year, Secretary of State Hillary Clinton said | Bloomberg 

Top 5 nations that use renewable energy 
Solar, wind, tidal and geothermal energy made up only 1.3 percent of total global energy use in 2011, but that's up 15.5 percent from the previous year. This is increasing due to policy and private investment, as well as commitments to reduce environmental impact and dependence on foreign energy sources. Here are the top five countries which are making use of renewable energy | CSMonitor 

Study: Fracking emissions pose health risks 
Emissions during hydraulic fracturing may pose “acute and chronic” health risk to those living close to wells, according to a new study by the Colorado School of Public Health | Upstream Online 

Venezuela: US plan to tap oil reserves unsustainable 
CABRUTICA: Venezuela said on Tuesday that a plan by the United States and Britain to tap strategic oil reserves was unsustainable in the long term and would only have a limited impact on prices | BRecorder 

Nigeria: Naval central command read riot act to illegal crude oil bunkering 
20 March 2012 , Sweetcrude, Yenagoa-The Nigerian Navy yesterday warned crude oil thieves and sea pirates terrorizing the creeks of the Niger Delta to have a rethink or have themselves to blame | Sweetcrude 

‘Electricity demand will rise to 15,730mw in Nigeria by 2015′ 
20 March 2012, Sweetcrude, ABUJA -A recent report by the Energy Commission of Nigeria (ECN) indicates that electricity demand would rise to 15,730 megawatts (mw) in Nigeria by 2015, according to director-general of the commission, Prof. Abubakar Sambo | Sweetcrude

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