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Bulgaria to freeze the construction of trans-Balkan pipe

According to the Environment Ministry declarations, Bulgaria has rejected for a third time the report on environmental impact assessment of the Bourgas–Alexandroupolis oil pipeline, aimed to pump Russian crude oil to Greece via Bulgarian territory.

read more... 24/06/2011

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Daily energy Overview, Monday, June 20, 2011

Crude oil futures traded down on Friday on lasting worries about Greece’s debt and U.S. slow economic growth. U.S. crude oil for July delivery traded at 93.01 dollars a barrel, down 1.94 dollars, having hit the lowest level since the February 18, when it registered a level of 86.20 dollars.

read more... 20/06/2011

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Daily energy Overview, Tuesday, June 14, 2011

U.S. crude oil futures traded down on Monday for a second consecutive session as a downgrade in credit ratings of Greece sparked worries about global economic growth and demand for oil. U.S. crude for July delivery traded at 97.30 dollars a barrel, down 1.99 dollars after a trading range between 96.13 and 99.32 dollars.

read more... 14/06/2011

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Daily energy Overview, Friday, June 03, 2011

Crude oil futures went up on Thursday in volatile trading as the dollar weakened and the euro surged on news about a new program for debt-laden Greece. U.S. crude for July delivery traded at 100.40 dollars a barrel, up 11 cents, after a trading range between 98.46 and 100.90 dollars, while ICE Brent crude for July delivery settle at 115.54 dollars a barrel, up 1.01 dollars, trading from 113.74 to 115.83 dollars.

read more... 03/06/2011

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Daily energy Overview, Wednesday, June 1, 2011

Crude oil futures increased on Tuesday on the closure of a pipeline transporting crude from Canada to US and on dollar decrease on renewed hopes for a debt bailout plan for Greece. NYMEX crude for July delivery settled at 102.70 dollars a barrel, up 2.11 dollars, while ICE Brent crude increased by 2.05 to 116.73 dollars a barrel, after a trading range between 114.50 and 116.73 dollars.

read more... 01/06/2011

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