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Daily – U.S. and Brent crude add to gains after U.N. released report on Iran
U.S. and Brent crude oil futures increased on Friday following the U.N. nuclear watchdog’s report which indicated a large expansion of uranium enrichment in Iran. By 16:36 GMT, U.S. crude for April delivery traded at 108.40 dollars a barrel, gaining 50 cents, while ICE Brent crude for April delivery traded at 123.94 dollars, adding 32 cents.
read more... 27/02/2012
Germany announces a record reduction in solar subsidies to rein the solar boom
Germany, the largest solar power provider, is planning a record reduction in subsidies in the solar photovoltaic industry as a part of actions to rein a boom that occurred in the installations.
read more... 27/02/2012
Gas prices rising in 2012
Economic reports are breaking President Obama's path with the unemployment and jobless data going down, while the stock market and GDP are rising. But there is a little issue that could weigh on Obama's rating in the coming election campaign: rapidly growing gasoline prices.
read more... 24/02/2012
Daily – Brent crude ends higher eyeing Iran tensions
U.S. and ICE Brent crude oil futures continued to increase for the sixth day in line on Thursday as rising tensions over Iran’s nuclear program and the potential supply disruption countered any pressure from rising inventories.
read more... 24/02/2012
BG Group to make a huge investment in Tanzania gas exploration
British gas and oil firm, BG Group is planning to invest up to $20 billion to extract gas in Tanzania, which is Africa's second-biggest economy.
read more... 24/02/2012