Global crude oil prices posted a slight drop on Thursday, dragged down by pessimistic economic data from China and by an OPEC’S forecast showing a recovery in oil exports from Libya.
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UK Coal will receive a loan of 10 million pound from Britain government for closing its two deep mines over the next 18 months. There are 1,300 people working in the mines.
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New EU rules have been published on Wednesday making harder funding renewable energy. The latest regulations are intended to substitute subventions with market-based systems, only when the Ukraine crisis has intensified the necessity for other options to imported fossil fuel.
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The Slovak government has consented to increase the budget by 400 million euros to 3.8 billion euros for the conclusion of two new divisions at the Mochovce nuclear power plant, according to the company which is responsible for building the plant.
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WTI crude oil boosted by more than $1 on Wednesday as gasoline demand rocketed in the U.S., pushed up by technical trading, while Brent crude registered a modest gain following strained relations between Russia and the West. The U.S. Energy Information Administration data, showing a sharp build in gasoline demand, drove up U.S. gasoline and crude oil prices above key technical level.
read more... 10/04/2014