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Daily: Crude oil settles higher, up 3% over the month
Crude oil futures closed higher on Friday to register a monthly gain of more than 3% on increasing expectations that crude production will soon drop. Oil-services firm Baker Hughes unveiled a weekly decline in the number of active rigs drilling for oil, but economic data intensified worries about U.S. energy demand, curbing oil increase for the session. WTI crude for December delivery closed at $46.59 a barrel on the New York Mercantile Exchange, up 53 cents, or 1.2%, for the day. Brent crude on London’s ICE Futures exchange rose by 76 cents, or 1.6%, to close at $49.56 a barrel.
read more... 02/11/2015
Gazprom gas exports to Europe at the highest rate in October
The Russian energy giant Gazprom increased its gas exports to European countries by around 41% over the first 26 days of October compared with the same period last year, Alexei Miller, the head of Russia's top natural gas producer Gazprom said on Tuesday.
read more... 28/10/2015
Singapore is leading the way to becoming South-east Asia's LNG energy hub
Singapore aims to launch a domestic liquefied natural gas (LNG) trading market amid rising LNG supply and demand within Asia.
read more... 27/10/2015
RWE commissions two new onshore wind power plants in Poland
RWE Polska, part of German energy group RWE, has commissioned two wind farms in Poland with a combined capacity of 45 MW, boosting the company's total capacity in the country to around 240 MW, which can supply annually an equivalent of 250,000 homes with green electricity.
read more... 21/10/2015
Belgian utility to start construction on 215 MW biomass power plant in 2016
Belgian Eco Energy (Bee) declared lately that it intends to start construction on a 215 MW commercial biomass power plant in Ghent, Belgium, early next year.
read more... 21/10/2015