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Daily energy Overview, Thursday, August 11, 2011
U.S. and Brent crude oil futures increased on Wednesday after the released report by the U.S. government about a decrease in oil inventories previous week and a late lift from pared losses on Wall Street.
read more... 11/08/2011
Germany’s E.ON plans massive job cuts
Germany's biggest energy group, E.ON, registered Wednesday its first quarterly historical loss , following German government decision to phase out nuclear energy, which pushed the company to reorganize its activity, move that could affect up to 11,000 jobs.
read more... 11/08/2011
Nigeria to face nuclear challenges
In the attemp to stabilize Nigeria’s power generation capacity, the Federal Government of Nigeria is set to sign a contract with the Russian Federation.
read more... 11/08/2011
German utility RWE’s first half profit hit by nuclear exit
The German energy group, RWE said that its first-half net profit sharply plunged by 39% to €1.7 billion ($2.4 billion), amid supplementary costs related to the country’s decision to phase out nuclear power and a tax on nuclear fuel.
read more... 10/08/2011
Daily energy Overview, Wednesday, August 10, 2011
Crude oil futures increased in the post-settlement trading on Tuesday after released report by API about a surprise 5.2 million-barrel draw in the U.S. stockpiles previous week. NYMEX crude for September delivery traded at 81.75 dollars a barrel, up 44 cents after a trading range between 75.71 and 83.05 dollars. Meanwhile, by 20:00 GMT, ICE Brent crude for September delivery traded at 104.21 dollars a barrel, up 47 cents.
read more... 10/08/2011