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OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013
Daily: U.S. crude settles lower on German economic pessimistic data
Brent and U.S. crude oil futures declined in heavy trading on Tuesday, dragged down by German economic pessimistic data and worries about the U.S. debt ceiling debate which stocked fears about fuel demand. Crude prices were hit by data that German economy contracted by 0.5% in the fourth quarter, more than forecasted.
read more... 16/01/2013
Solar PV provides 5.6% of Italian electricity demand in 2012
According to some figures released by the Italian transmission grid operator Terna SpA, electricity from solar photovoltaic generation increased by roughly 72% in comparison to 2011 levels reaching 18.3 TWh.
read more... 16/01/2013
Daily: UK gas slips as supply exceeds demand by 8 percent
Brent and U.S. crude oil futures for February delivery rose $1.24, or 1.12 percent, at $111.88 a barrel and 58 cents, or 0.62 percent, at $94.14 a barrel respectively on Monday as fears of disruption of supply from the Middle East arose amid growing optimism for a revival in demand growth as the world's biggest economies show signs of constant recovery.
read more... 15/01/2013
Daily: European power prices hit new lows despite strong oil prices
Brent and U.S. crude oil futures edged up on Thursday, being supported by Chinese trade data which spread expectations for improving demand, while news that Saudi Arabia has slashed its oil output in the previous two months also contributed to lift oil prices. Brent February crude climbed 13 cents, or 0.12 percent, to settle at $111.89 a barrel. Meanwhile, U.S. February crude boosted 72 cents, or 0.77 percent, to settle at $93.82 a barrel, having traded from $93.08 to $94.70.
read more... 11/01/2013