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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
Daily energy Overview, Monday, April, 18, 2011
U.S. and Brent crude futures extended gains on Friday supported by improving U.S. consumer confidence and supportive manufacturing data in China. ICE Brent crude for June delivery increased to 123.45 dollars a barrel, up 1.45 dollars, after a trading range between 121.59 and 124.02 dollars, while U.S. crude for May delivery traded at 109.66 dollars a barrel, up 1.55 dollars after a trading range from 107.21 to 110.10 dollars.
read more... 18/04/2011
Daily energy Overview, Friday, April, 15
U.S. crude ended a dollar higher on Thursday on a weaker dollar after U.S. data indicated an unexpected rise in jobless claims. U.S. crude for May delivery traded up 1 dollar and settled at 108.11 dollars a barrel, having traded in a range between 105.77 and 108.55 dollars.
read more... 15/04/2011