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Daily: Coal slips to 3-year low, hitting even big producers
Brent crude oil futures jumped on Monday, pushed up by a weaker dollar and a supply disruption in North Sea crude oil. Brent crude futures rose $1.82 at $102.21 per barrel at 1:50 p.m. EDT (1950 GMT), rebounding from a dip below $100 to $99.66 earlier in the session on pessimistic Chinese data, posting the lowest price for Brent in one month. In the same time, U.S. crude oil futures raised $1.50 at $93.47 per barrel.
read more... 04/06/2013
Saudi Arabia plans to export solar electricity to Europe
Saudi Arabia, which is planning massive investment in renewable energy, hopes to export solar electricity to Europe in winter, when cooler temperatures reduce the need for air conditioning in the kingdom.
read more... 04/06/2013
E.ON strikes a 20-year LNG deal with Canada’s Pieridae Energy
German utility giant E.ON has unveiled a 20-year agreement on LNG sales with Canada’s Pieridae Energy.
read more... 04/06/2013
China to apply more stringent coal regulations
China, the most polluted country in the world and with coal accounting about for 70% of the energy mix, decided to curb its coal consumption by 65%, while gas will be increased to 7.5% by 2015, according to China’s 12th five-year plan for energy industry.
read more... 03/06/2013
Southern Italy has a great crude oil potential
Southern Italy, known as the second largest producer of olive oil, is also the holder of Europe’s biggest onshore crude oil fields, according to geologists.
read more... 03/06/2013