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Daily: European power prices decline on dropping temperatures
Brent crude oil futures increased off sessions lows on Tuesday after bullish Chinese data strengthened the demand panorama from the world’s No.2 oil consumer. China's industrial output increased a forecast-beating 10.4 percent in August from a year ago, while retail sales boosted 13.4 percent.
read more... 11/09/2013
Daily: UK gas prices drop on warmer weather forecast
Crude oil futures registered a slight increase on Monday in thin trade, reversing earlier losses, as the market assimilated mixed economic and industry data from the United States and China, the greatest oil consumers in the world. Brent crude front-month edged up 28 cents to settle at $109.09 a barrel, after earlier dropping below $108 a barrel. The August contract expires on Tuesday. Meanwhile, U.S. crude oil traded 37 cents up to close at $106.32 a barrel after slipping below $105 earlier in the session, following the publication of the U.S. retail sales data.
read more... 16/07/2013
Daily: Crude oil settles up on U.S. positive data
Brent crude oil climbed on Thursday, bolstered by gains in U.S. equities in late-session trading following U.S. figures which showed stronger retail sales and a decline in weekly jobless claims. Meanwhile, front month July Brent crude, which expired on settlement on Thursday, inched up 76 cents to settle at $104.25 a barrel, after dropping as low as $102.75. The August contract settled up $1.39 at $104.95. July U.S. crude oil increased 81 cents to settle at $96.69 a barrel, posting gains in six of the last nine trading sessions.
read more... 14/06/2013
Spain to reduce subsidies to renewables
Spain government has recently announced it intends to reduce renewable subsidies by 10-20% by 21 June. The decision came following a meeting between representatives of Spanish and foreign banks and industry officials last month, when it was concluded that government subsidies increased the costs for the functioning of the nation's electrical system, and the costs of running the renewable systems have been higher than the amount of money generated by actual sales of power to households and businesses.
read more... 11/06/2013
E.ON strikes a 20-year LNG deal with Canada’s Pieridae Energy
German utility giant E.ON has unveiled a 20-year agreement on LNG sales with Canada’s Pieridae Energy.
read more... 04/06/2013