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Daily energy Overview, Monday, August 15, 2011
Crude oil futures were mixed on Friday on sparked worries over deeper economic problems that could influence demand for oil and a sink in consumer confidence. NYMEX crude for September delivery traded at 86.88 dollars a barrel, down 1.50 dollars, while ICE Brent crude oil futures for September delivery settled at 108.03 dollars a barrel up 1.00 cent after a trading range from 106.86 to 109.16 dollars.
read more... 15/08/2011
Daily energy Overview, Friday, August 12, 2011
Crude oil futures increased on Thursday as an equities rally and a fall in jobless data supported offset worries over the French banks and fears that Europe’s debt crisis could spread. NYMEX crude for September delivery settled at 85.72 dollars a barrel, gaining 2.83 dollars after a trading range between 81.03 and 85.97 dollars, while ICE Brent crude for September delivery traded at 108.02 dollars a barrel, up 1.34 dollars, after a trading range from 104.34 to 108.20 dollars.
read more... 12/08/2011
Daily energy Overview, Thursday, August 11, 2011
U.S. and Brent crude oil futures increased on Wednesday after the released report by the U.S. government about a decrease in oil inventories previous week and a late lift from pared losses on Wall Street.
read more... 11/08/2011
Germany’s E.ON plans massive job cuts
Germany's biggest energy group, E.ON, registered Wednesday its first quarterly historical loss , following German government decision to phase out nuclear energy, which pushed the company to reorganize its activity, move that could affect up to 11,000 jobs.
read more... 11/08/2011
Nigeria to face nuclear challenges
In the attemp to stabilize Nigeria’s power generation capacity, the Federal Government of Nigeria is set to sign a contract with the Russian Federation.
read more... 11/08/2011