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Daily: Crude oil futures drop as U.S. oil stockpiles hit a record high
Crude oil futures fell on Wednesday after the U.S. Energy Information Administration reported that U.S. crude stockpiles reached a record high. However, Brent succeeded to close above $109, gaining support from the continuing confrontation in Ukraine.
read more... 24/04/2014
General Electric in negotiations to acquire France’s Alstom
General Electric Co is in negotiations to purchase French turbine and train manufacturer Alstom SA for approximately $13 billion, as reported by Bloomberg, mentioning people familiar to the matter.
read more... 24/04/2014
BP vends interest in four Alaska oil fields for unrevealed amount
British oil and gas most important company BP Plc vended its interests in four oilfields on the Alaska North Slope for an unrevealed amount to oil and gas producer Hilcorp, as stated by the company on Tuesday.
read more... 24/04/2014
France’s EDF close to an agreement with heavy industry groups
French utility EDF is approaching an agreement to reduce electricity tariffs paid by a group of industrial firms, counting chemical producer Solvay and metals conglomerate ArcelorMittal, as published in Les Echos newspaper.
read more... 23/04/2014
Daily: European power prices rebound after Easter decline
Brent crude fell on Tuesday, but the losses were capped by continued worries about the intensification of conflicts in Eastern Ukraine, that could trigger further Western sanctions against Russia and cut supplies. WTI crude oil also declined on Tuesday ahead of figures that should indicate that stockpiles in the U.S. were close to hit record highs. The unequal decrease of West Texas Intermediate crude futures drove to the widening of the Brent-WTI spread by more than a dollar.
read more... 23/04/2014