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Daily Market Update, Thursday, October 28, 2010
Oil was stable on Thursday, due to a delay in announcing the size of monetary stimulus expected from Federal Reserve, caused by an unexpected drop appeared in U.S. gasoline stockpiles. At 06:43 GMT, U.S. crude for December increased at $81.98 per barrel, while ICE Brent decreased at $83.20 per barrel.
read more... 29/10/2010
Hydropower output has declined in Spain
Spanish water reserves, needed to reduce the country's dependence on gas imports, had notice a decrease, according to official data showed on Tuesday, however the levels are above the average, being helped by very heavy rainfall in winter and spring time.
read more... 27/10/2010
Iraq increases estimate oil reserves.
The oil minister of Iraq declared that it has increased its estimate of the oil reserves to 143.1 billion barrels, a 24 percent rise. Although many analysts think that this number may be inflated for a variety of reasons.
read more... 05/10/2010
ARMZ of Russia might become the third uranium producer
ARMZ, the state-controlled miner in Russia, the country with 1/10 of the world’s uranium reserves, intends to expand outside the country, aiming to become one of the third major producers in the world. It signed a transaction on Tuesday of acquiring the majority of shares in proportion of 51% in Uranium One, Canada.
read more... 11/06/2010
Israel reports higher than expected gas reserves
Israel might become a gas exporter in the coming years, as gas reserves found on Israel Mediterranean coast are 15% higher than expected.
read more... 04/06/2010