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Verbund: gas and coal plants to be mothballed or closed

Gas and coal-fired plants in Austria and France would be mothballed or closed by the Austrian utility Verbund after a year spent analyzing its alternatives, due to their unprofitability.

read more... 15/05/2014

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Daily: Brent, U.S. crude prices rally to two-week highs on potential stockpiles draw

Brent crude rallied on Tuesday on strong U.S. crude and gasoline markets which offset the expectations of a potential rebound in Libyan oil output by 500,000 barrels per day. U.S. crude oil rose jumped over $1 a barrel to hit two-week highs on Tuesday as stocks of U.S. crude oil at Cushing dropped to their lowest levels since 2008 in the week to May 2.

read more... 14/05/2014

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Egdon turns into UK’s second major shale gas actor with Alkane accord

Oil and gas explorer Egdon Resources made known about its decision to takeover Alkane Energy's shale gas assets making it Britain's second-biggest shale gas firm.

read more... 14/05/2014

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Russia warns about gas cut if Ukraine does not pay by June 2

Russia repeated on Monday its threat to cut natural gas supplies to Ukraine if Kiev would not be able to pay in advance for June deliveries, stating as well that more discussions on the matter were also conditional on payment.

read more... 13/05/2014

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Daily: Crude oil futures increase on Ukraine gas supply disruption threat, new EU sanctions against Russia

Crude oil futures increased on Monday as Ukraine urged the European Union to extend sanctions against Russia, while Russian gas giant Gazprom has threatened to disrupt natural gas supplies to Ukraine.

read more... 13/05/2014

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