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Daily: Crude oil prices hit the highest settlement in 2015 on Yemen concerns
Crude oil prices rallied by 3 percent on Thursday, touching 2015 highs, buoyed by continued tensions in the Middle East as well as by hopes for stimulus measures in China. The depreciation of dollar also supported oil prices. Brent crude hit its highest settlement of this year, climbing above $64 a barrel. U.K. North Sea Brent, a global benchmark for oil rose by $2.12, or 3.3 percent, to close at $64.85 a barrel. U.S. crude boosted $1.58, or 2.8 percent, to settle at $58.02 a barrel. Its session peak of $58.41 was a 2015 high.
read more... 24/04/2015
Czech CEZ to add 1.4 GW of new generation by end of 2015
Czech utility CEZ intends to add 1.4 gigawatts in new coal-fired units to the grid in 2015, counting a postponed plant at Ledvice now anticipated coming on line in the autumn, as stated by Chief Strategy Officer Pavel Cyrani.
read more... 23/04/2015
Conglomerate including EDF and fund PGGM purchase Spanish gas distributor
A conglomerate run by PGGM, the Dutch pension fund manager, declared on Wednesday it will buy Spanish gas distributor Madrilena Red de Gas (MRG) for an unrevealed sum.
read more... 23/04/2015
Daily: European prompt power prices mixed with German spot up on lower wind output
Crude oil prices were mixed on Wednesday with European benchmark Brent ending up on continuing unrest in Yemen, while WTI crude closed down after the release of EIA ‘s report showing stockpiles have increased much more than expected last week. Brent crude rose 65 cents to settle at $62.73 a barrel after the White House declared the situation in Yemen remained precarious and more effort is needed to be done in the region. U.S. crude slipped 45 cents to close at $56.16 a barrel.
read more... 23/04/2015
Bulgaria inks deal with Nord Pool Spot for power exchange
Bulgaria's state-owned Independent Bulgarian Energy Exchange (IBEX) has inked a cooperation deal with Europe's main power market Nord Pool Spot intended at establishing the Balkan country's first day-ahead power exchange, as it declared on Wednesday.
read more... 23/04/2015