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Russia announces that Ukraine electricity supplies to Crimea partially restored

The Russian Energy Ministry declared on Tuesday that power supplies from Ukraine to the Crimea peninsula had partly restarted.

read more... 09/12/2015

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Daily: European spot power prices evolve differently, while forwards near record lows

Crude oil prices settled lower with Brent declining more than 1% on Tuesday after collapsing near seven-year lows on worries those global oil producers will pump even more crude in an already oversupplied market. Brent decreased 47 cents to close at $40.26 per barrel, after a session low at $39.81. WTI eased 14 cents to close at $37.51, after tumbling to $36.64 earlier.

read more... 09/12/2015

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EU makes an investment of €1 million in hydraulic turbines

An investment estimated at €1 million (£0.70m) has been made to expand the development of hydraulic turbines.

read more... 08/12/2015

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Daily: Crude oil prices plunge at seven-year low on OPEC failure to address a growing supply

Crude oil futures plunged 6 % on Monday, posting their weakest level in nearly seven years, after OPEC hesitated to address an intensifying oversupply, while a stronger dollar also weighed on crude decrease. Brent and U.S. crude settled at or near February 2009 lows on Monday. Brent lost $2.27 to close at $40.73, after hitting a February 2009 low of $40.60. WTI crude fell $2.32 at $37.65 a barrel. That was its lowest settlement since February 2009, and after reaching a session low of $37.50.

read more... 08/12/2015

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The United States of.. Gas & Oil are 73% cheaper than EU

We've been talking about it for months, crude oil is not performing as every oil tycoon and trader would wish to and if we take into analysis the average value year on year, the Brent is about to close 2015 with a strong decline of about 44.8% compared to 2014, average price as of today is about 54.8 $/bbl , touching lows not familiar even during early post 2008-2009 financial crisis. The average price in 2009 was 62.69 $/bbl.

read more... 08/12/2015

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