Latest news
Daily – U.S. crude ends at 8-week low on China data
Crude oil futures decreased on Tuesday for the second day in line as data indicated a drop in Chinese imports of major commodities in March and raised concerns over oil demand. WTi crude oil futures for May delivery traded at 101.02 dollars a barrel, down 1.44 dollars, and settling the lowest settlement since February 14, while ICE Brent crude for May delivery valued 119.88 dollars, down 2.79 dollars, the lowest settlement since February 17. The contract traded between 119.67 and 122.67 dollars.
read more... 11/04/2012
UK: EDF Energy brings 1200 MW of nuclear capacity back to the grid
UK-based EDF Energy announced that it has resumed output from two nuclear power plants, bringing the capacity of 1200 MW back to the grid.
read more... 11/04/2012
Pakistan hydro project to receive $850m from the World Bank
The Tarbela 4th Extension hydropower project in Pakistan will receive 850 million dollars from the World Bank. By completing the project, the generation capacity of Tarbela Power Station will achieve 4,888 MW. It is expected to be completed in four years and will generate 1,410 MW of electricity.
read more... 11/04/2012
Iran halts oil supplies to Spain
Iran has cut oil supplies to Spain and it is possible to suspend exports to Germany and Italy, according to official Iranian television in English, PressTV reported Tuesday.
read more... 11/04/2012
Daily –crude falls on Iran talks and U.S. jobs data
U.S. and ICE Brent crude oil traded down on Monday as fresh talks about Iran’s nuclear program reduced supply disruption worries and weak U.S. jobs growth data for March sparked demand worries.
read more... 10/04/2012