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Daily: U.S. crude oil at five-month low on high supplies
Brent crude oil dropped on Tuesday after reaching a fourth-month low in the previous session, while U.S crude oil futures closed at their lowest level in five months, dragged down by forecasts for increasing supplies and persisting weak demand as Gulf Coast refineries were expected to remain out of service at least by the end of this week.
read more... 06/11/2013
Daily: European spot power drops ahead of All Saints Day holiday
Brent crude futures declined more than $1 on Thursday, reversing the anterior gains, as traders booked profits. Traders sold Brent after the spread between the international benchmark and the U.S. oil benchmark West Texas Intermediate (WTI) widened to the largest level in six months at $13.60 per barrel.
read more... 01/11/2013
Russia launched its first renewables tender to spur green energy generation
Russia, being an oil and gas giant, has launched its first renewable energy tender, auctioning about 500MW in capacity, mostly to solar projects.
read more... 31/10/2013
Daily: Crude oil prices mixed, spread widens
Crude oil prices were mixed on Wednesday, with Brent trading higher, encouraged by disruptions in Libyan oil exports and with U.S. oil trading lower for a second consecutive day on large inventory data.
read more... 31/10/2013
Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013
Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.
read more... 30/10/2013