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Daily: British spot gas prices climb on lower wind output, robust demand
Crude oil prices ended flat on Wednesday, erasing most of the day’s gains, losing momentum, after U.S. government data unveiled crude stockpiles hit all-time high records despite strong refinery runs. U.S. crude futures rose 4 cents to close at $38.32 a barrel. Brent crude's front-month edged 12 cents higher to settle at $39.26, retreating from a session peak of $40.61.
read more... 31/03/2016
Investment fund will acquire Irish energy firm Viridian
Investment management firm I Squared Capital will acquire Irish energy company Viridian Group Holdings Limited from investment bank Arcapita, it declared on Tuesday.
read more... 30/03/2016
E.ON and Gazprom agree on adjustment of prices in gas supplies contract
German utility E.ON and Russian energy giant Gazprom agreed to adjust the prices of long-term gas supply contracts, resolving a pending arbitration proceeding between the companies.
read more... 30/03/2016
Daily: Electricity spot prices increase on robust demand and decline in renewables
Crude oil prices declined about 3 percent on Tuesday, mirroring intensifying concerns that a two-month hike vanished as demand fails to keep pace with oversupply, including new output from Kuwait and Saudi Arabia. Brent crude eased $1.13 to settle at $39.14 a barrel, while U.S. crude lost $1.11 to close at $38.28 per barrel.
read more... 30/03/2016
Asian Development Bank to grant $450 mln in loan to expand Shah Deniz II project in Azerbaijan
Azerbaijan state-run energy company Socar has applied for a $450mn loan from the Asian Development Bank (ADB) to bolster its Shah Deniz project.
read more... 30/03/2016