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Daily: European forward prices hit 11-week highs on forecasts of winter cold snap
Crude prices settled lower, with Brent trading below $80 a barrel, after a volatile session on Monday, as Russia tried to influence OPEC to cut production. Benchmark Brent crude oil's front-month contract closed down 68 cents at $80.28 a barrel. U.S. crude's front-month declined 73 cents to fluctuate between $75.48 and $77.02.
read more... 25/11/2014
Coal supplies to Ukraine are being suspended by Russia
Ukraine's energy minister declared on Monday coal supplies to Ukraine had been suspended by Russia, a blow to domestic energy providers who are fighting with a serious lack of raw fuel for electricity plants because of a separatist dissension in the industrial east.
read more... 25/11/2014
Hungary: South Stream pipeline – the single way to guarantee gas supply
Hungary plans to initiate the construction of its stretch of the South Stream gas pipeline backed by Russia next year in spite of European and U.S. resistance since it considers the project as the single way to guarantee supply, as stated by a senior government representative.
read more... 20/11/2014
Daily: European forward power prices rally at 2-month high on increasing carbon, coal prices
Crude oil dropped for a second consecutive day on Tuesday since traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the group might cut production at its meeting on November 27. Benchmark Brent crude slipped 84 cents to close at $78.47 a barrel, while front-month U.S. crude close down $1.03 at $74.61.
read more... 19/11/2014
Kuzbassrazrezugol to reduce coal production by 2.3 million tonnes in 2015
Russian coal miner Kuzbassrazrezugol will reduce its output by 2.3 million tonnes in 2015 because of unfavorable international market conditions, as stated by the company.
read more... 18/11/2014