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Daily: British prompt gas prices firm as Belgium halt tightens supply
Brent futures traded near $111 a barrel on Tuesday as supply concerns intensified again, with investors assessing the milestone deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
read more... 27/11/2013
UK: The Big Six energy firms increased their profits five fold
According to informations from Ofgem, UK’s energy regulator, the Big Six energy suppliers saw their profit margins in the supply of gas and electricity increase to 4.3% in 2012, in comparison to 2.8% a year before. The big six operators made £53 profit per household customer last year, compared to £30 in 2011.
read more... 26/11/2013
Spain’s Repsol stroke a compensation deal with Argentina’s YPF
Spanish oil major Repsol and Argentina’s main energy company YPF inked a preliminary deal on Monday, under which Repsol will receive a 51 percent stake in the South American’s nation’s energy company.
read more... 26/11/2013
Shale gas in Europe
Unconventional gas is rapidly growing in importance in Europe, with shale gas at the forefront. It is expected that between now and 2035 shale gas could account for about 45% of European gas production, which is the equivalent of 10% of total demand.
read more... 26/11/2013
Daily: Brent North Sea crude slips after Iran nuclear deal
Brent crude prices dropped more than two percent on Monday after an important deal between world powers and Iran over its controversial nuclear programme. Last week, Iran agreed to slash its nuclear programme for the next six months in exchange for limited sanctions relief.
read more... 26/11/2013