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Daily energy Overview, Friday, July 08, 2011
U.S. crude futures traded higher on Thursday as data about a better than expected situation in the private hiring sector and retail sales reports supported optimism that the economic growth was on the upturn direction.
read more... 08/07/2011
Centrica warns of further energy price rises
Centrica, the owner of British Gas and the largest supplier of gas to domestic customers in the UK announced that British customers could face an increase in their energy bills due to a rise of more than 20% in wholesale power prices.
read more... 29/06/2011
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
Eni sells a huge stake in Trans-Austria Gas pipeline
The Italian energy group Eni has signed an agreement with Cassa Depositi e Prestiti Spa (CDP) for the sale of 89% stake in the Trans-Austria Gas pipeline for 483 million euros ($700 million) plus reimbursement of a shareholder loan granted by Eni to the company equal to 192 million euro.
read more... 14/06/2011
Scottish Power to soar energy bills from August
Scottish Power has recently announced increases for domestic electricity prices and gas, following the second rise in wholesale energy costs since November 2010, with gas bills going up by 2% and electricity by almost 9 %.
read more... 08/06/2011