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Daily: Crude oil settles up on U.S. positive data
Brent crude oil climbed on Thursday, bolstered by gains in U.S. equities in late-session trading following U.S. figures which showed stronger retail sales and a decline in weekly jobless claims. Meanwhile, front month July Brent crude, which expired on settlement on Thursday, inched up 76 cents to settle at $104.25 a barrel, after dropping as low as $102.75. The August contract settled up $1.39 at $104.95. July U.S. crude oil increased 81 cents to settle at $96.69 a barrel, posting gains in six of the last nine trading sessions.
read more... 14/06/2013
European Commission launches new nuclear safety rules
The European Commission published on Tuesday a draft on nuclear safety law, including obligatory stress test every six years on the dozens of nuclear reactors operating in the European Union aftermath Japan’s Fukushima disaster.
read more... 14/06/2013
BP: Global energy demand is slowing
In its annual analysis of the world energy market, the energy company BP PLC said growth in energy consumption slowed last year because of the economic recession.
read more... 13/06/2013
Daily: European spot power prices mixed on warmer weather in Germany, colder in France
Crude oil prices settled slightly higher on Wednesday, but gains were slashed by lower oil demand growth previsions and solid supplies. Spot Brent crude oil futures ended 53 cents higher at $103.49 after trading as high as $104.10. Brent contract for July delivery expires on Thursday. August Brent crude oil futures closed the day at $103.56, up 59 cents. Meanwhile, front-month U.S. crude oil futures settled 50 cents higher at $95.88.
read more... 13/06/2013
Germany: Angela Merkel wants to curb renewables incentives
The German Chancellor Angela Merkel unveiled at an energy conference in Berlin on June 12 a U turn in the German renewable energy policy, as she aims to curb the renewable energy incentives in favor of power grid modernization and lower pressure on the rising electricity prices.
read more... 13/06/2013