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Daily: UK spot gas hits 8-month high on Norwegian supply disruption
U.S. oil futures increased more than $2 a barrel to hit a four-week high on Tuesday for a third straight session of gains as the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would deplete crude stocks at the giant storage hub. U.S. WTI crude boosted by $2.22 to settle at $96.04 a barrel, its biggest daily percentage gain since September 18. Meanwhile, Brent crude for January delivery increased $1.17 to settle at $112.62 a barrel, after earlier hitting an 11-week high of $112.93.
read more... 04/12/2013
Daily: British day-ahead gas at the highest level since April on Norwegian production outage
Brent crude futures climbed to a 10-week high on Monday, buoyed by strong manufacturing data from China and the United States, and concerns about supplies of Russian crude. Brent crude for January traded $1.76 higher to settle at $111.45 a barrel, after touching a session high of $112.34. Meanwhile, U.S. crude increased $1.10 to settle at $93.82 a barrel. The spread between the two contracts closed at $17.63, after having fluctuating over $2 between $16.22 and $18.44 during the session.
read more... 03/12/2013
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013
UK: RWE has stopped development on the Atlantic Array offshore wind project
RWE, one of the big six energy companies in the UK, has announced the cancellation of one of the world’s largest offshore wind farms due to political rows and policy uncertainty. The wind farm in the Bristol Channel Zone would have provided clean energy for almost 1 million hoseholds and provided thousands of jobs in the construction phase.
read more... 27/11/2013
RWE to lay off 2,500 jobs in Germany amid falling wholesale prices
RWE, the second largest utility in Germany, is envisaging cutting 2,500 jobs in its power generating business in Germany amid falling wholesale prices, while criticizing subsidies for renewable energy generation.
read more... 08/11/2013