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Daily: UK gas prices tumble on balanced system, increasing temperatures
Brent crude touched a 27-month low on Wednesday before rebounding partially to settle above $91 a barrel, with analysts stating that the market is expected to recover despite increasing inventories and a pessimistic world economic outlook. Brent crude for November delivery decreased by 73 cents, or 0.8 percent, at $91.38 a barrel. U.S. crude dropped by 1.54$, or 1.7 percent, finished down at $87.31 a barrel, after trading at 86.83$, its lowest level since April 2013.
read more... 09/10/2014
BG Group receives $350m for gas debt from Egypt
Egyptian Government paid to British gas explorer BG Group $350 million (£219m). The payment is for significant debts to the firm which along with other important energy players is allocated money by the country.
read more... 09/10/2014
Norway’s 2015 budget to appease tax regulations for wind power
The Norwegian government will suggest more constructive depreciation rules to increase domestic wind power output, as it declared in its draft budget 2015 published on Wednesday.
read more... 09/10/2014
Daily: World crude oil prices decline on pessimistic economic and demand growth forecasts
Worldwide crude oil prices plunged on Tuesday to settle at their weakest in more than two years, dragged down by pessimistic economic and demand growth forecasts. Brent crude for November delivery dipped by 68 cents to settle at $92.11 a barrel. Brent slipped to a contract low of $91.25 on Monday before recovering in late trading. WTI crude for November delivery declined by $1.49 to $88.85, then fell further in late trade.
read more... 08/10/2014
UK-based company discovers oil offshore Senegal
An Edinburgh-based exploration firm has made known the finding of oil off Senegal in West Africa.
read more... 08/10/2014