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Daily: British gas prices trade higher on undersupplied system, cold weather
Brent oil futures for delivery in June settled slightly higher on Thursday backed by a weaker dollar even if a set of slow U.S. economic data capped gains in the stock market. Brent July crude futures settled 28 cents higher at $103.78 per barrel, while U.S. oil increased 86 cents at $95.16 per barrel, after closing off the 200-day moving average on Wednesday. The spread between U.S. benchmark West Texas Intermediate and European Brent extended beyond $10 per barrel for the first time since May 7, mirroring a costly rail transport bill for U.S. refiners and settling at $8.64.
read more... 17/05/2013
U-turn: Chevron gets green light to explore shale gas in Romania
The Romanian shale gas policy made a U-turn after the government allowed the oil giant Chevron to explore shale gas in the Romanian Black Sea coast.
read more... 17/05/2013
Daily: Crude oil settles up on U.S. equity rally
Brent crude oil prices increased over $1 on Wednesday, retreating from early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the highest level in 13 sessions.
read more... 16/05/2013
Three oil majors subject to EU raids over price manipulation
European anti-trust authorities have conducted unexpected raids at offices of at least three oil majors Shell, BP and Statoil, being suspected of manipulation in global oil prices over a decade, marking one of the biggest international actions since the Libor rigging scandal which shook the markets.
read more... 15/05/2013
Brief history about the Italian V Conto Energia
The first Italian National Energy Program dates 1975 when, immediately after the first oil crisis, the Parliament noticed the problem of the increasing fossil fuels prices. The objective was to design a new national energy system fossil fuel free, the only solution was to build new nuclear power reactors, but a referendum where about 70% of the Italians decided to vote against nuclear, stopped the construction of all the nuclear plants all over Italy.
read more... 15/05/2013