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Daily: Brent crude closes flat, WTI crude increases on bullish economic data

Brent crude futures ended unchanged on Friday as growing supply and worries about weak demand for oil in Europe and China reduced concerns about the Middle East conflicts, while U.S. crude rallied on bullish economic data from the United States. Brent crude for November delivery settled flat at $97 a barrel, having fluctuated from $96.46 to $97.50, while U.S. November crude rose by $1.01 to settle at $93.54 a barrel.

read more... 29/09/2014

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Bosnia: EPBiH preselects seven companies for 20 MW hydropower project

Bosnia's main power utility EPBiH declared on Thursday it had preselected seven companies out of 12 bidders to aid construct a 20 megawatt (MW) hydropower plant on the Bosna River.

read more... 26/09/2014

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Statoil stops Aasgard A output because of bad weather

Norwegian oil and gas corporation Statoil halts production at its Aasgard A field in the Norwegian Sea because of bad weather and anticipates production to recommence on Sunday, as stated by spokesperson Morten Eek on Thursday.

read more... 26/09/2014

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Finnish government declined permit extension for nuclear reactor Olkiluoto 4

The Finnish government on Thursday refused a request from utility Teollisuuden Voima (TVO) to expand an authorization for a new nuclear reactor in the west of the country, making the project uncertain.

read more... 26/09/2014

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Daily: European coal futures dip to 5-year lows on oversupplied system

Brent crude oil prices remained unchanged, while U.S. crude dropped slightly in choppy trading on Thursday as healthy supply and a strong U.S. dollar helped to offset worries about tensions in the Middle East would cut disrupt output. Brent increased by 5 cents to close at $97.00 a barrel after oscillating by more than $1 between $96.22 and $97.56 throughout the session. West Texas Intermediate (WTI) fell 27 cents to settle at $92.53.

read more... 26/09/2014

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