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Daily: Crude oil prices down near 4% amid speculations on ongoing talks over Tehran nuclear program
Brent crude oil declined nearly 4 percent on Thursday on speculations that a preliminary deal between Iran and global powers on Tehran’s nuclear program could be signed, adding more crude to an already oversupplied global market. North Sea Brent crude futures decreased $2.15, or 3.8 percent, to settle at $54.95 a barrel, almost $1 above the session low. WTI crude futures declined 95 cents, or 2 percent, to close at $49.14 a barrel, after slipping nearly $2 earlier.
read more... 03/04/2015
E.ON will pay penalty of 7.75 million pounds over UK billing
Utility E.ON will pay a penalty of 7.75 million pounds ($11.51 million) subsequent to billing errors which could have touched 48,000 British clients, as stated by the company on Thursday.
read more... 03/04/2015
Westinghouse wants to continue negotiations over Bulgarian nuclear project
Electrical engineering group Westinghouse has decided to continue negotiations with Bulgarian authorities over the building of a nuclear reactor, after the expiry of a deadline for settling an agreement to construct the unit.
read more... 03/04/2015
German Economy Minister supports lignite mines
German Economy Minister Sigmar Gabriel has wanted to reassure energy firms that the government has no plans to close lignite mines, as indicated in copy of a letter addressed to works councils.
read more... 02/04/2015
Daily: European spot prices recover as German wind storms faded
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015