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Daily: Crude oil up by around 6% on Fed speculation, large drawdown at Oklahoma
Crude oil prices boosted as much as 6 percent on Wednesday, buoyed by the largest U.S. crude drawdown in seven months at the key delivery point in Cushing, Oklahoma, triggering a new wave of market volatility.
read more... 17/09/2015
Wind industry might supply 25% of EU power by 2030
Wind farms might provide a quarter of the European Union’s electricity requirements by 2030 if member states attain energy and climate targets, as stated by an industry report on Wednesday.
read more... 17/09/2015
Italy: A2A will submit bid for 51% of LGH this week
A2A, Italy's largest regional utility, will submit a non-binding offer to purchase 51 percent of smaller peer Linea Group Holding (LGH) this week, as stated by sources close to the matter.
read more... 16/09/2015
Engie signed its first retail LNG deal in the United Kingdom
ENGIE has just inked its first retail LNG sales agreement in the UK with FLOGAS Britain, one of the biggest alternative energy solutions suppliers to industrial clients in the UK. Over a period of 18 months, ENGIE will supply 8,000 tonnes of LNG to FLOGAS Britain from Isle of Grain terminal (South-East coast of the UK). Altogether, 400 Flogas Britain trailers will be loaded to supply industrial firms that are not linked to the natural gas grid. Operations will launch in the next few weeks.
read more... 16/09/2015
Daily: U.S. crude posts a 3% hike spurred by gains on Wall Street
WTI crude oil boosted by around 3 percent on Tuesday, spurred by gains on Wall Street, higher gasoline prices and a robust inventory draw report, while Brent increased modestly. U.S. crude's front-month rose by 59 cents, or 1.3 percent, to settle at $44.59 a barrel. In post-settlement trade, it climbed as much as $1.25, or 2.8 percent, to $45.25 a barrel by 4:50 p.m. EDT (2050 GMT), as a reaction to the API stockpiles report. London-traded Brent crude edged 26 cents higher at $46.63 a barrel as the October contract expired.
read more... 16/09/2015