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Daily: UK gas prices tumble on supply glut
Crude oil prices rose by about 5 percent on Friday, their largest hike in 1-1/2 months, as a constant U.S. dollar and a bigger than expected decline in U.S. oil rigs in operation compensated a fresh rush of bullish bets. Brent crude closed at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. It was flat on the week, while for the month, it declined by 2 percent. U.S. crude has increased by as much as $4 a barrel after touching a one-month low just a day ago. WTI crude closed at $60.30, up $2.62, or 4.5 percent, on the day, and up about 1 percent on both the week and month.
read more... 01/06/2015
Serbia expects to launch gas pipeline to Bulgaria in 2016
Serbia wants to launch operations on a delayed gas pipeline link with Bulgaria in 2016 to guarantee alternative supplies following the failure of Russia's South Stream project, Belgrade's energy minister declared on Thursday.
read more... 29/05/2015
Hungary will purchase stakes in local electricity units from RWE
Hungary's government has signed a letter of intent to purchase power units and an additional stake in Matrai Eromu, the country's second major electricity plant, from Germany's RWE , as stated by the government on Thursday.
read more... 29/05/2015
Vestas seizes 82.5 MW deal in Turkey
Danish turbine maker Vestas has won a deal to equip and install the 83-MW wind turbines for the Yahyali wind park in Turkey.
read more... 29/05/2015
Daily: Crude oil prices increase in a nervous trading
Crude oil prices increased in an agitating trade on Thursday after two days of losses following data indicating a fourth weekly drawdown in U.S. crude stockpiles. Brent crude closed at $62.58, up 52 cents, or nearly 1 percent, after a six-week low at $61.24. It posted an 84 cents increase in post-settlement trade. U.S. crude rose by 17 cents, or 0.3 percent, to settle at $57.68 a barrel, after plummeting to a one-month low of $56.51. It boosted by 43 cents at $57.94 a barrel in post-settlement trade.
read more... 29/05/2015