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Daily: European power prices decline on sunnier weather
Brent crude increased by about $1 per barrel in a nervous trading on Wednesday, rebounding from a 13-month low as traders are continuing to worry about potential supply disruptions due to turmoil in Iraq and Libya. U.S. crude prices climbed as crude oil stockpiles increased 1.4 million barrels the previous week.
read more... 14/08/2014
IEA slashes oil demand forecast for 2014-2015
Worldwide demand for oil was expected to escalate by 1.3 million barrels per day in 2015, a 30 percent increase as the economy improves in 2015, the Paris-based IEA said.
read more... 13/08/2014
EDF to halt four nuclear reactors in northern England
EDF Energy will shut down temporarily four nuclear reactors at two large power plants in the north of England after a technical issue was found in boiler units.
read more... 12/08/2014
Daily: UK natural gas prices climb amid Ukraine warning of "all types of transit" halting
Brent crude oil dropped toward $105 a barrel on Friday following the U.S. military air strikes in Iraq that may diminish the risk of oil supply disruptions from OPEC’s second largest producer, while U.S. crude gained support from reviving stock market. Brent crude rallied to a weekly high of $106.85 earlier in the session, but soon turned negative and settled 42 cents lower at $105.02 a barrel. U.S. crude boosted 31 cents to close at $97.65 a barrel, off an intraday high of $98.45.
read more... 11/08/2014
Eni to slash its oil refining capacity amid European overcapacity
Plans by Italian oil giant Eni to halve its oil refining capacity could wring out a quarter of Europe’s refining overcapacity.
read more... 11/08/2014