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Daily energy Overview, Friday, May, 13, 2011
U.S. and Brent crude oil futures traded higher on Thursday following a sharp plunge in the last session, on a weaker dollar. U.S. crude for June delivery traded at 98.97 dollars a barrel, up 76 cents, after trading from 95.25 to 100.49 dollars, while ICE Brent for June delivery traded at 112.98 dollars a barrel, after a trading range between 110.15 and 114.56 dollars.
read more... 13/05/2011
BP gets green light to explore Brazilian oil blocks
The British energy giant, BP finally received the permission from regulators to complete the purchase of ten Brazilian exploration and production blocks from US-based Devon Energy.
read more... 13/05/2011
Gazprom may join the TAPI project
Pakistan offers Russian energy giant, Gazprom the opportunity to take part to the two multi-billion dollar gas pipeline projects, the Iran-Pakistan (TP) and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project, aimed to transport natural gas from Central Asian states to India and Pakistan.
read more... 13/05/2011
Japan to develop renewable energy sector
A new announcement was made this week by the Japanese Prime Minister, Naoto Kan, related to the ulterior course of the domestic energy market shattered after disastrous earthquake and tsunami that imposed the country to substitute its primary electricity generation font with other renewable energy sources.
read more... 12/05/2011
Daily energy Overview, Thursday, May, 12, 2011
U.S. oil futures continued to drop after the EIA data, trading at $100.61 a barrel, down $3.27, by 14:40 GMT. U.S. crude oil and gasoline stocks increased last week while stockpiles of the motor fuel increased for the first time over the last 12 weeks on lower demand versus last year, according to EIA weekly data released on Wednesday. Domestic crude stocks increased by 3.78 million barrel in the week to May 6 to 370.33 million barrel. Gasoline inventories increased 1.28 million barrels to 205.82 million barrels, while distillate stocks decreased by 843,000 barrels to 144.29 million barrels.
read more... 12/05/2011