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Italian oil refineries at risk after Iranian oil embargo
The EU sanctions imposed on oil imports from Iran could drive to the closure of some Italian oil refineries, which are the most vulnerable refineries to closure in Europe, according to European oil industry sources.
read more... 06/02/2012
Daily – US crude up, snaps 5-day losing streak on jobs
U.S. crude oil futures increased on Friday as a sudden increase in U.S. jobs in January supported recent signs of improving economic growth and increased hopes for better oil demand going forward. NYMEX crude for March delivery traded at 97.84 dollars a barrel, up 1.48 dollars.
read more... 06/02/2012
CRE: Electricity tariffs in France expected to increase by 30% in 2016
Regulatory Commission of Energy (CRE) announced in January 2012 that the regulated electricity tariffs distributed by EDF could increase by 30% by 2016, about 6% by year.
read more... 06/02/2012
China –net crude imports to grow slowest in 6 years
According to a released report by oil firm China National Petroleum Corp (CNPC), China’s net crude oil imports are expected to increase 5.9 percent in 2012, registering the slowest growth rate since 2006. This is because of sluggish exports market cuts into consumption. Net crude imports are expected to increase to 266 million tonnes in 2012 from 251.26 million tones.
read more... 03/02/2012
Daily – U.S. crude ends lower after stockpile builds
U.S. and Brent crude oil futures were mixed on Thursday as previous day's data indicated an increase in crude oil and gasoline stockpiles which continued to generate bearish sentiment.
read more... 03/02/2012