Crude oil futures pared losses on Thursday as a crop of low economic data supported more fears in the Unites States and pushed investors to cut down on riskier assets. By 19:06 GMT, NYMEX crude for September delivery valued 81.51 dollars a barrel, down 6.07 dollars, while ICE Brent crude for October delivery traded at 106.99 dollars a barrel, falling 3.61 dollars after a trading range from 106.27 to 110.75 dollars.
read more... 19/08/2011
Last week, E.ON, the largest power utility in Germany, announced its intention to cut up to 11, 000 jobs worldwide and reduce dividends after first-half profit plunged because of the increased costs following nuclear exit. That’s approximately 10 percent of jobs that will be affected by this drastic measure.
read more... 19/08/2011
U.S. and Brent crude oil futures increased on Wednesday recovering after a fall in prices as a government report about a huge drop in the U.S. gasoline stockpiles supported an increase in crude inventories and worries for a slow economic growth.
read more... 18/08/2011
The energy supplier Scottish Power envisages modernizing 500 miles of overhead lines in the next ten years, as Spanish power utility Iberdrola plans to invest GBP 3 billion (EUR 3.411bn) in the upgrade of Scottish power grid.
read more... 18/08/2011
U.S. and Brent crude oil futures shed on Tuesday on indicating data about a decrease in gasoline stocks more than expected previous week and a failed summit between German and French leaders to present a solution to avoid the debt crisis.
read more... 17/08/2011