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Daily energy Overview, Thursday, June 09, 2011
U.S. and Brent crude futures increased on Wednesday following OPEC’s failure to increase the output and API inventory data indicating a sharp drop in crude oil stocks last week.
read more... 09/06/2011
Daily energy Overview, Wednesday, June 08, 2011
U.S. and Brent crude oil futures continued to increase in post-settlement trading on Tuesday, following released data that indicated a deeper drop in domestic crude stocks as expected last week, while a weaker dollar and the unrest in the Middle East countries encouraged buying interest.
read more... 08/06/2011
Scottish Power to soar energy bills from August
Scottish Power has recently announced increases for domestic electricity prices and gas, following the second rise in wholesale energy costs since November 2010, with gas bills going up by 2% and electricity by almost 9 %.
read more... 08/06/2011
Daily energy Overview, Tuesday, June 07, 2011
U.S. and Brent crude oil futures traded at their lowest level over the last two weeks on Monday on expectations OPEC will increase its output target at its meeting in Vienna. ICE Brent crude for July delivery valued 114.48 dollars a barrel, down 1.18 percent after trading from 113.96 to 116.14 dollars, while U.S. crude traded at 99.01 dollars a barrel, down 1.21 dollars, after trading between 98.64 and 100.68 dollars.
read more... 07/06/2011
The German government adopted nuclear exit bill
The German government passed a bill, this Monday, which provides the phase out nuclear power in Germany by 2020, making the country the first major economic power in the world to turn away from nuclear.
read more... 07/06/2011