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Daily energy Overview, Tuesday, June 28, 2011
British gas prices increased on Monday afternoon on higher oil prices, though gains were expected to be short-lived as Euro zone debt worries persisted. By 16:00 GMT, gas for next winter delivery settled at 68.90 pence, up 0.70 pence, while gas for winter delivery in 2012 increased 0.40 pence to 71.40 pence.
read more... 28/06/2011
Boost in sales of residential wind turbines in USA
Despite the difficult situation in the economy’s path, more and more people are buying small wind turbines, with around 10,000 units sold nationally in 2009 compared to 2,100 units sold in 2001, according to the American Wind Energy Association.
read more... 28/06/2011
IEA announces the proportion of oil release
Last week, the IEA announced that it will release 60 million-barrel of oil from its strategic reserves after consumer nations unsuccessfully exerted pressure on the Organization of the Petroleum Exporting Countries to increase its oil production at a meeting this month.
read more... 28/06/2011
Bulgaria gives up on connecting to Nabucco
According to the declaration of the Bulgarian Economy Minister, Traicho Traikov, the country has dropped its plans to link the future gas interconnection with Turkey to the Nabucco pipeline.
read more... 28/06/2011
Daily energy Overview, Monday, June 27, 2011
Brent crude prices fell on Friday as Europe’s debt crisis supported the dollar index recovery, extending the drop in oil prices for a second day after the announcement of the International Energy Agency about tapping oil from strategic reserves. Brent’s premium to US crude dropped under $14 a barrel intraday, from above $19 on Wednesday.
read more... 27/06/2011