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Daily: German power curve at new lows after CO2 draft rejection
Brent crude dropped below $100 a barrel for the first time in nine months in heavy trading on Tuesday, extending losses, dragged down by data from China and the U.S. that indicated weak growth in global oil demand.
read more... 17/04/2013
Daily: UK spot gas price down as warmer weather cuts demand
Brent crude oil futures for May delivery, which are expiring soon, dropped more than 2 percent on Monday following data showing weaker Chinese economic growth, which reinforced fears about world economy and demand for oil. Meanwhile, Brent May crude dropped $2.72, or 2.64 percent, to settle at $100.39 a barrel, having fluctuated from $100.02 to $103.09. Brent crude for June delivery declined $2.41 to settle at $100.63 a barrel.
read more... 16/04/2013
Daily: Crude oil prices fall on IEA forecast
Crude oil prices settled down on Thursday after the International Energy Agency (IEA) slashed its forecast for energy demand growth this year for the third consecutive month. However, Brent prices dropped more sharply than U.S. crude, reducing the spread between Brent and U.S. West Texas Intermediate to a nine-month low of $10.59 at one point on Thursday, before settling at $10.76.
read more... 12/04/2013
Bulgaria to slash electricity production amid weak demand and exports
Bulgarian electricity grid operator ESO ordered producers on April 4 to reduce power generation capacity as a measure to prevent the crippled system from overheating amid sharply dropping consumption and exports and to keep a balance between production and demand.
read more... 09/04/2013
Poland: PGE suspends the construction of $3.6 bln coal power plant
PGE, the Polish state biggest utility, has suspended its plans to build two new coal-fired power units worth $3.6 billion, citing weak demand and falling electricity prices.
read more... 08/04/2013