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Daily: British gas prices hit fresh lows amid milder temperatures
Brent crude oil held steady above $109 a barrel on Monday, driven higher by U.S. dollar depreciation against a basket of major currencies, supply disruptions in Libya and Angola and a cold snap across North America. Brent crude oil climbed five cents to 109.13 dollars a barrel, hovering between a high of 109.40 dollars and a low of 108.93 dollars. Meanwhile, U.S. oil rose 50 cents to settle at 100.80 dollars.
read more... 18/02/2014
USA: World’s largest solar plant is now fully operational
The Ivanpah Solar Electric Generating System, the world's largest concentrated solar power plant has become fully operational last week. Ivanpah employs concentrated solar power (CSP), which uses hundreds of thousands of mirrors to reflect the sun toward a tower. This heats a boiler in the tower, which creates steam to drive turbines and make electricity.
read more... 17/02/2014
Daily: Brent crude price up, WTI down
Brent crude oil futures posted a gain in late session trading on Friday, spurred by demand for heating oil due to cold winter and snow in the U.S. Northeast as well as by tightened supply due to interruptions in Libya and Angola.
read more... 17/02/2014
Russia to increase its oil and gas production
Deputy Energy Minister, Kirill Molodtsov, declared that Russia is likely to increase its oil production by 0.3% to 525 million tons in 2014, about 10.54 million barrels per day, which could be the highest level Russia has attained since the collapse of the Soviet Union. The significant growth was attributed to changes in tax law, which has stimulated development of new fields and hard-to-recover reserves.
read more... 14/02/2014
Daily: British gas prices down to nearly an eight-month low
Brent crude oil futures decreased on Thursday, dragged down by a forecast showing a decline in demand during refinery maintenance season and an increase in jobless claims in the United States, the greatest oil consumer in the world.
read more... 14/02/2014