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Daily: U.S crude oil futures post a slight gain on upbeat economic indicators
Brent crude oil posted a modest gain, while U.S. crude futures showed a slight increase due to optimistic economic data on Monday. However, prices were range-bound in low volumes due to Easter holiday on Sunday, without any intensification of conflicts in Ukraine.
read more... 22/04/2014
Daily: Brent crude slips as Ukraine, Russia pledge to halt violence
Brent crude oil declined on Thursday, holding below $100 a barrel after a four parties meeting in Geneva which called for an immediate halt to violence in Ukraine, while WTI crude oil increased on upbeat economic figures. Brent crude for June delivery, which was backed in recent days by intensified unrest in Ukraine, closed down 7 cents at $109.53 a barrel, after earlier touching a peak of $110.19 ahead of the meeting in Geneva. Meanwhile, U.S. oil for delivery in May rose 54 cents to settle at $104.30 a barrel, after having previously hit a high of $104.78 a barrel.
read more... 18/04/2014
Daily: British gas prices drop on oversupply forecast by National Grid
Brent crude increased to about $110 a barrel on Wednesday on escalating tensions in Ukraine, while WTI crude prices remained almost unchanged after a publication of a report showing a strong increase in stockpiles, which attenuated geopolitical worries.
read more... 17/04/2014
European power markets register the first growth since 2010
The power trading volumes on the European wholesale market increased last year for the first time in three years but were nevertheless below 80 percent of their maximum level registered in 2010, according to a report presented by the research firm Prospex, which investigated the markets growth in several countries, such as Germany, the Nordic region, Britain, Italy, Spain, France and the Netherlands.
read more... 16/04/2014
Shell abandons innovative Norwegian Subsea gas project
Royal Dutch Shell has abandoned one of Norway's major and most modern industrial projects because of increasing costs and intricacy, facing a blow to equipment expected to develop offshore production.
read more... 14/04/2014