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Daily: Crude oil prices gain ground on declining U.S. drilling activity
Crude oil futures eased on 12 June amid worries about the global oversupply, but ended higher for the week, supported by falling U.S. drilling activity. Brent crude for July delivery contract declined by $1.24, or 1.9%, to settle at $63.87 a barrel on 12 June. Prices climbed by about 0.8% for the week. US crude for July delivery fell 81 cents, or 1.3%, to end at $59.96 a barrel on Friday. Prices posted a 1.4% increase on the week.
read more... 15/06/2015
Greece, Bulgaria will sign IGB gas pipeline agreement soon
Greece and Bulgaria will sign an agreement in the next weeks to construct a gas pipeline linking the two countries, part of the Southern Corridor infrastructure scheme to transport Caspian gas to Europe, as stated by two Greek energy ministry officials on Friday.
read more... 15/06/2015
EU regulators consider GE’s Alstom power agreement would harm competition
General Electric Co might need to propose bigger concessions to win European Union support for its acquirement of Alstom SA's electricity unit since regulators intend to inform the U.S firm that the agreement would harm competition, as stated by two people familiar with the matter on Thursday.
read more... 12/06/2015
Shell thinks about pulling plug on last Ukraine exploration well
Oil major Shell is thinking about retiring from its last exploration well in Ukraine since the project has been on hold for approximately a year because of the conflict between pro-Russian separatists and Ukrainian forces.
read more... 12/06/2015
Global solar power capacity rocketed 100 fold since 2000 in 2014
Solar power capacity has rocketed 100 fold since 2000, with a record amount of solar power added to the world’s grid in 2014.
read more... 12/06/2015