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Daily: French, German spot power prices mixed on Friday
Crude oil prices jumped on Friday after the aggravation of diplomatic relations between Ukraine and main oil producer Russia which stoked supply fears. Global benchmark Brent crude oil rose 90 cents to settle at $109.00 a barrel. Meanwhile, U.S. crude boosted by $1.02 to close at $102.58, encouraged by U.S. job growth at a quicker pace than anticipated on optimistic signs for oil demand.
read more... 10/03/2014
UK: 100 billion pounds more investment needed so as to meet 2020 carbon targets
Around 8 to 10 billion pounds are being annually spent for low-carbon energy in Great Britain, or a total of maximum 100 billion pounds over a 10-year period, which is less than half of the level estimated to be invested for attaining 2020 carbon targets, as stated by lawmakers on Thursday.
read more... 07/03/2014
Daily: Crude oil prices increase on reconsidered geopolitical risk in Ukraine
U.S. oil traded higher on Thursday after declining to near three-week lows after declarations made by the U.S. President Barack Obama that the geopolitical tensions between Ukraine and Russia are likely to worsen.
read more... 07/03/2014
Daily: British gas prices continue to tumble ahead of United States- Russia talks over Ukraine
Oil prices dropped by about $2 per barrel on Wednesday after the publication of U.S. government data indicating a weaker oil demand since weather in Europe and the United States is expected to warm and as refiners are likely to raise the amount of capacity they take offline this week. Brent oil for April delivery closed $1.54 lower to arrive at $107.76, settling below the 200-day moving average of $108.41 on Wednesday the first time one month. Meanwhile, U.S. crude for April delivery settled $1.88 lower to hit $101.45.
read more... 06/03/2014
Daily: Crude oil drops by about 2 pct as the threat of war in Ukraine receded
Crude oil dropped by about 2 percent on Tuesday after the Russian President Vladimir Putin said it is not seeking to escalate the conflict in Ukraine's Crimea peninsula, fading concerns of an eventual oil supply disruption from Russia.
read more... 05/03/2014