Jan 23, 2015

Power sales down in Japan for eighth straight month

Electricity sales by the nation’s 10 major power suppliers in December dropped 1.3 percent from a year earlier to 67.885 billion kilowatt-hours, down for the eighth month in a row, an industry group said on Friday. Sales to large-lot industrial users fell 0.5 percent ...

What led to the current oil glut?

Jan 15, 2015

What led to the current oil glut?

The world burns enough oil-derived fuels to drain an Olympic-size swimming pool four times every minute. Global consumption has never been higher — and it is rising. Yet the price of a barrel of oil has fallen by more than half over the past ...

Jan 14, 2015

¥131 billion earmarked in upcoming budget for renewable energy

The Abe administration decided Wednesday to boost efforts next year to promote renewable energy following the Fukushima nuclear crisis, after the feed-in tariff system, which guarantees above-market rates for selling energy produced from clean sources, ran into trouble only two years after its introduction. ...

Jan 13, 2015

S. Korea nuclear hack ups aging reactor risks

The hacking of South Korea’s nuclear operator means the country’s second-oldest reactor may be shut permanently due to safety concerns, said several nuclear watchdog commissioners, raising the risk that other aging reactors may also be closed. “The operator failed to prevent it (the hack) ...