In the past two years or so, international oil prices have continued to remain at high levels, which has undoubtedly made it worse for the Philippine economy, which relies on imported crude oil. In order to reduce the threat of high oil prices to the Philippines and revive the economy, the Arroyo government is making every effort to develop new energy sources to achieve an energy self-sufficiency

A few days ago, an EU energy expert issued an analysis report saying that although oil prices are still high, investment in the EU's energy and power construction fields has begun to rebound from the trough since 2005. The report said that in order to reduce carbon dioxide emissions, EU countries are committed to technological innovation and transformation in the energy and power fields to reduce

The G10 (Group of 10) central bank presidents' meeting organized by the Bank for International Settlements (BIS) was held in Sydney, Australia on the 20th. European Central Bank President Jean-Claude Trichet and other central bank presidents expressed optimism about the global economic prospects.

Mohammed Hamili, Vice Chairman of the Organization of the Petroleum Exporting Countries (OPEC) and Energy Minister of the United Arab Emirates, emphasized here on the 19th that both the world's oil producers and oil consuming countries have the responsibility to maintain the stability of the international oil market.

At the Gazprombank promotion conference held in Beijing on Wednesday, Gazprom Bank’s First Vice President Olga Dadasheva made it clear for the first time that the bank will lay the “Altai” natural gas pipeline from Western Siberia to China. Funding.

Toyo Taniguchi, deputy director-general of the International Atomic Energy Agency, recently revealed that several Middle Eastern countries, including Saudi Arabia and the United Arab Emirates, have expressed interest in developing civilian nuclear energy and diversifying their energy structure.

Last Wednesday, the crude oil inventories released by the U.S. Energy Information Association (EIA) showed that crude oil inventories dropped by 3.3 million barrels. As a result, the December WTI futures contract rose by $2.05 per barrel, or 3.45%. This is evident from the impact of changes in crude oil inventories on crude oil prices. In the past three months, due to various bad news, the price o

While humans use fossil energy such as coal, oil, and natural gas to create huge material wealth, they also emit large amounts of greenhouse gases, leading to global climate warming and causing inestimable losses. The concept that climate change will cause huge costs to mankind has been widely accepted by the world, and greenhouse gas emission reduction has also become a global environmental issue