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Daily: EU carbon declines on the German sale permits auction cancellation
Brent and U.S. crude oil futures edged up on Friday during a choppy trading, supported by geopolitical threats brought to supply, Chinese economic data and the possibility to reach a deal which would temporarily increase the U.S. debt ceiling. Brent crude increased 79 cents, or 0.71 percent, to settle at $111.89 a barrel, having traded from $110.47 to $110.96. Meanwhile, U.S. crude climbed 7 cents, or 0.07 percent, to settle at $95.56 a barrel, having traded from $94.91 to $95.67.
read more... 21/01/2013
Russia launches new oil pipeline to the Pacific
This week Russian President Vladimir Putin has announced the completion of the 4,740 km-long (2,945 miles) East Siberia - Pacific Ocean (ESPO) section, which runs between the Siberian city of Skovorodino and the Pacific port of Kozmino. The pipeline has the objective to increase sales to the United States, as sales to Europe have significantly decreased. The ESPO will reinforce the dominant position in the international crude markets.
read more... 26/12/2012
GDF Suez: Income is expected to fall next year as demand slows due to economic crisis
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012
E.ON- the last of “the big six” to increase energy prices
E.ON, UK's second-largest energy supplier with six million customers, is planning to raise gas and electricity prices next week, blaming wholesale, transmission and social scheme costs.
read more... 11/12/2012
Daily: UK wholesale gas prices drop on warmer weather, healthy supplies
Brent and U.S. crude futures increased on Monday, backed by supply concerns amid escalating violence in the Middle East and optimism that U.S. officials will reach a deal to avoid the budget crisis.
read more... 20/11/2012