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Daily: Crude oil slips on Iran’s president nuclear talks
Crude oil dropped around $1 a barrel on Tuesday on Iran’s new president initiative to negotiate with West over Tehran’s controversial nuclear program and following a slide of U.S. gasoline prices dragged down by a sell-off in ethanol credits. Meanwhile, U.S. oil declined $1.26 to settle at $105.30 per barrel, hitting a session low of $104.86 a barrel. Brent crude slipped 52 cents to close at $108.18 per barrel, having fallen to a low of $107.46.
read more... 07/08/2013
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
Daily: UK gas prices increase on lack of Dutch imports
Brent crude traded around three-month high on Thursday, backed by the expectations that the Federal Reserve will keep its stimulus programme to support the U.S. economy, while a considerable decline in crude stocks pushed U.S. oil to near 16-month peaks.
read more... 12/07/2013
Nuclear Power in France
France has decided to launch a great nuclear program in 1973, when the quadrupling of the price of oil by OPEC nations was a shock for France because at that time, most of its electricity came from oil burning plants, this was the Middle East event that they refer to as the "oil shock."
read more... 04/07/2013
The EU Parliament votes in favor to boost emission-permit prices
After months of debates the European Parliament has finally voted in favor of revamping its carbon-trading program, approving a plan intended to restore financial incentives for shifting away from fossil fuels and towards renewable energy.
read more... 04/07/2013