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Norway suggests electricity utility unbundling
Norway wishes utilities to split their distribution and production operations, in a step towards grid consolidation, as stated by the oil and energy ministry on Wednesday.
read more... 16/04/2015
Daily: Crude oil prices rally, with WTI at 2015 peak
Crude oil prices soared on Wednesday, with WTI hitting a 2015 peak after government figures indicated crude oil stockpiles in the United States boosted less than expected last week. Expiring front-month May Brent contract jumped $1.89 to settle at $60.32. Brent crude for June delivery rose by 3.51 to close at $63.32. U.S. crude for May delivery climbed $3.10 to settle at $56.39 a barrel, highest level of the year.
read more... 16/04/2015
Daily: European spot power prices diverge on weaker French nuclear, stronger German wind output
Crude oil futures boosted on Tuesday on evidence of declining oil production in North Dakota, depreciation of dollar and turmoil in the Middle East, especially in Yemen. Brent crude firmed by 50 cents to settle at $58.43 a barrel, ahead of Wednesday's May contract expiration, closing just above its $58.40 100-day moving average. WTI crude for May delivery climbed $1.38 to close at $53.29, soaring above its 100-day moving average of $52.96.
read more... 15/04/2015
Daily: Crude oil settled up on worries about Iran, geopolitical risks in Yemen
Crude oil futures boosted on Monday, but settled well below intraday highs, spurred by worries about Iran and geopolitical risks in Yemen, while global oversupply continued to slash gains. Brent crude for May jumped 6 cents to close at $57.93 a barrel, having oscillated between $57.46 and $59.54. U.S. crude boosted 27 cents to settle at $51.91, away of its $53.10 peak just below its 100-day moving average at $53.18. It was last above that key technical level in July 2014.
read more... 14/04/2015
Statoil makes gas discovery close to Aasta Hansteen field
Energy company Statoil made another gas discovery close to its Aasta Hansteen field in the Norwegian Arctic, further developing the gas resource in one of its largest ongoing projects, as it declared on Monday.
read more... 14/04/2015