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Daily: Crude oil plunges to the weakest level since March on pessimist economic figures from China
Brent and WTI crude futures plunged on Friday to their lowest point since March and registered their fourth consecutive weekly decline as pessimistic economic data from China and an increase in U.S. oil drilling rigs put pressure. Brent crude for September delivery dipped 65 cents to close at $54.62 a barrel, the lowest settlement since March 19 and off 4.3 percent for the week. U.S. crude for September delivery shed 31 cents to settle at $48.14, its weakest settlement since March 31 and down 5.5 percent for the week. The session low of $47.72 was the lowest intraday price since April 1.
read more... 27/07/2015
Britain gave the green light for the construction of two new gas-fired power plants
Britain approved on Thursday the building of two new 299 MW gas-fired power plants.
read more... 24/07/2015
China to build two nuclear power plants in Iran
China envisages building two new nuclear power plants in Iran on the Makran coast, near the Gulf of Oman, Iran’s Atomic Energy Organization head Ali Akbar Salehi announced Wednesday.
read more... 24/07/2015
Germany’s coal imports likely to drop by 5.7%
Germany's coal imports are expected to drop to 53 million tonnes in 2015 from a record high last year of 56.2 million, as stated by a lobby group VDKi on Thursday, quoting lower demand from power stations and steel producers.
read more... 24/07/2015
Daily: Brent crude hits its lowest settlement since April on supply glut, weak demand
Brent crude oil futures hit its weakest point since April on Thursday and U.S. crude declined below $49 a barrel for the first time since late March, on continued worries about robust supply and low demand which offset support from dollar’s depreciation. U.S. crude for September delivery shed 74 cents to close at $48.45 a barrel, the weakest settlement since March 31. Brent crude for September delivery dipped 86 cents to settle at $55.27, the lowest settlement since April 2.
read more... 24/07/2015