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Italy to halve offshore exploration areas
According to a Reuters report Italy has halved the offshore areas where it will allow companies to explore for oil and gas as it is aiming to diminish the country’s reliance on energy imports. The move is projected to placate environmental groups and to hasten expansion of new deep-water prospects.
read more... 05/09/2013
Daily – U.S. crude retains big gains in post settlement trading
U.S. crude oil futures retained big gains in post-settlement trading on Tuesday even if industry data indicated that domestic crude stocks increased 3.4 million barrels previous week, against a forecast in a Reuters poll showing an increase of 1.4 million barrels. By 20:34 GMT, WTi crude oil for May delivery settled at 104.20 dollars a barrel, up 1.27 dollars.
read more... 18/04/2012
Daily – Power down on coming milder weather
WTi and Brent crude oil futures continued to go down in post-settlement trading on Tuesday following industry released data which indicated an increase in domestic crude stocks at 4.6 million barrels previous week, much more as predicted in a Reuters poll. By 21:36 GMT, WTi crude for April delivery traded at 104.74 dollars a barrel, down 1.98 dollars, while ICE Brent crude for April delivery settled at 122.14 dollars a barrel, losing 1.66 dollars.
read more... 07/03/2012
Daily – oil prices down as industry data indicated an increase in U.S. stockpiles
NYMEX and ICE Brent crude oil futures decreased in post settlement trading on Tuesday following industry data indicating an increase of 7.3 million barrels in domestic crude stockpiles previous week overshadowing the forecast for an 800,000 barrel growth, according to a poll released by Reuters’ analysts.
read more... 25/01/2012
Italy’s new austerity plan could reduce solar incentives
Italy could reduce renewable incentives, in the case of approving of a new austerity plan, according to Reuters. This might attack investors’ confidence in the Italians renewable market. Currently, the government looks with caution at this measure, as to know how it could be interpreted.
read more... 07/07/2011