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Daily: British day-ahead gas at the highest level since April on Norwegian production outage
Brent crude futures climbed to a 10-week high on Monday, buoyed by strong manufacturing data from China and the United States, and concerns about supplies of Russian crude. Brent crude for January traded $1.76 higher to settle at $111.45 a barrel, after touching a session high of $112.34. Meanwhile, U.S. crude increased $1.10 to settle at $93.82 a barrel. The spread between the two contracts closed at $17.63, after having fluctuating over $2 between $16.22 and $18.44 during the session.
read more... 03/12/2013
Eni and Rosneft signed agreements on oil supplies to Europe
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013
EU slaps China with new anti-dumping duties on solar glass
The European Commission has recently announced that it will impose provisional antidumping duties on solar glass from China to reduce import competition for EU producers.
read more... 03/12/2013
Serbia: construction works started on Serbian section of South Stream
Construction works began last week on the Serbian leg of Gazprom's South Stream gas pipeline. The segment under construction will have the capacity to carry 40.5 billion cubic meters per year and it will have about 4500 kilometers across Serbia, having a total cost of about 2 billion euros.
read more... 02/12/2013
UK hits a new wind energy record
British wind energy industry hit a record-breaking on Friday, supplying more than 6GW of power to the grid for the first time, according to data provided by the National Grid.
read more... 02/12/2013