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Daily: Crude oil prices slump as Libya pessimistic economic data feed supply glut worries
Crude oil prices slumped by as much as $2 on Tuesday, posting their sharpest plunge this year as increasing Libyan supplies and pessimistic economic data intensified worries that the global market was leading to a near-term oversupply. Brent futures dropped 96 cents to close at $106.02 a barrel, rebounding from a low of $104.39 a barrel earlier in the session, the lowest level since April 2. U.S. crude futures dipped 95 cents to close at $99.96 a barrel.
read more... 16/07/2014
Croatia is on track to become a regional energy hub
Croatia has all the chances to become a regional energy hub, ensuring energy supplies in the area by diversifying supply options for the European countries and permitting them to reduce their grip on Russian gas, reiterated U.S. Assistant Secretary of State Victoria Nuland.
read more... 14/07/2014
National Grid: Electricity prices could increase twofold within 20 years
Electricity prices could double by 2035, while gas prices might increase by 43%, according to analysis released by the National Grid.
read more... 11/07/2014
Daily: Crude oil prices rebound after long losing strip
Crude oil prices recovered from a long losing streak on Thursday as traders bought back contracts to secure their profits. Brent crude increased 39 cents to settle at $108.67 a barrel, rebounding after eight days of losses, the longest slump since 2010. U.S. crude rose 64 cents to close at $102.93 a barrel, recovering from a nine-day losing strip, the longest slide since late 2009.
read more... 11/07/2014
Power line project postponed, to have effect on supply in Central Norway
An important Norwegian power connection project will be postponed, which will probably lead to an insufficient electricity supply and price increases in central Norway from late 2016, as stated by grid operator Statnett.
read more... 10/07/2014