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Daily energy Overview, Friday, April 22, 2011
Crude oil futures traded higher on Thursday as the dollar plunged to almost an all-time low. ICE Brent for June delivery traded at 123.99 dollars a barrel, up 14 cents, after a trading range between 123.20 and 124.81 dollars. U.S. crude for delivery in June settled at 112.29 dollars, up 84 cents.
read more... 22/04/2011
Daily energy Overview, Thursday, April 21, 2011
Crude oil futures traded higher on Wednesday after the EIA data indicated a drop in crude and refined products stockpiles last week, a rebound on the equity market and a weaker dollar.
read more... 21/04/2011
Daily energy Overview, Tuesday, April 20, 2011
U.S. crude oil futures traded higher in the post-settlement trading on Tuesday after API data indicated a less than expected increase in domestic crude stockpiles and a more than expected decrease in gasoline inventories.
read more... 20/04/2011
Daily energy Overview, Tuesday, April 19, 2011
U.S. crude oil futures decreased on Monday after three consecutive days of gains after the ratings agency Standard & Poor’s revised its long-term credit outlook for the United States from stable to negative, while Saudi Arabia’s cut output because of an oversupplied oil market and a low demand for crude oil.
read more... 19/04/2011
Alstom Grid to reinforce the Saudi Arabian electricity network
Alstom Grid a unit of French heavy engineering group Alstom has won two contracts valuing at €57 million for five substation extensions and two new units in Saudi Arabia.
read more... 19/04/2011