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France: renewables will aid power grid resist summer heat wave
Increasing solar and wind power capacity will aid France handle with a heat wave this summer without bringing in power from its neighbours, despite seasonal repairs on its nuclear power flotilla, as stated by the French power grid on Friday.
read more... 09/06/2014
Daily: U.S. crude oil climbs on job increase report, Brent slips as tensions in Ukraine attenuate
U.S. crude oil futures climbed on Friday after a report from the U.S. Labor Department showed a fourth straight month of job gains in May, while Brent crude registered a slight decline as tensions in Ukraine eased.
read more... 09/06/2014
Daily: British spot gas trades at the lowest level since October 2010 on weak demand, health supply
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014
Daily: Crude oil retreats on peace plan from Ukraine’s president
Brent and WTI crude settled lower on Wednesday on hopes for a peace plan from Ukraine’s new-elected president Petro Poroshenko aimed to end violent clashes between separatists and government forces. The plan helped to calm crude oil’s previous price rally. Brent crude for July delivery slipped 42 cents to end at $108.40 a barrel, while the equivalent crude oil contract in the U.S. fell 2 cents to close at $102.64, after rebounding as high as $103.69 immediately after the publication of U.S. oil stockpiles figures showing a decrease in crude oil stocks the previous week.
read more... 05/06/2014
French gas tariffs require larger market connection
The calculation of French regulated gas tariffs should be related more strongly to gas market prices since market main player GDF Suez renegotiates more of its supply agreements, as stated by energy regulator CRE in a report published on Wednesday.
read more... 05/06/2014