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Iran and China to keep oil prices high
Crude oil market went across difficult times when markets clashed with several supply issues in Iran and increasing demand coming from Asia and China. These movements could help increase oil prices along with a weaker U.S. dollar that could add a final drop to push U.S. prices to 118 dollars a barrel by the fourth quarter of 2012. West Texas Intermediate contracts for March delivery, currently trading at 103.52 dollars a barrel, have gained on eight of the last ten trading days while Brent, the international benchmark, recorded six positive sessions over the same time frame and was at 119.62 dollars as of 4:20PM in New York on Friday.
read more... 21/02/2012
Spain to extend the lifespan of its oldest nuclear power plant
Spain's nuclear security agency CSN has given the approval for the extension of the 468 MW Santa Maria de Garoña nuclear power plant until 2019.
read more... 21/02/2012
EDF announces increased UK profits due to nuclear output
The French energy giant, EDF has announced a huge jump in its profits, despite the 8% drop in UK gas and electricity sales.
read more... 21/02/2012
Standard Chartered Bank secured 100 million dollar loan to Trina Solar
Standard Chartered Bank offered a 100 million dollar loan to Chinese solar company Trina Solar Limited aimed to be used for developing cell and module production capacity in the Changzhou facility.
read more... 20/02/2012
Daily – Brent crude down after gaining four straight days
U.S. crude futures closed the session higher for a third consecutive day on Friday extending gains for a second week and settling the utmost settlement since May 2011 on hopes of economic improvement, fears over Iranian supplies and hopes that Greece will secure a bailout by next week. NYMEX crude for March delivery traded at 103.24 dollars a barrel, adding 93 cents.
read more... 20/02/2012