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Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015
Workers start three-day strike at Areva's Somair mine in Niger
Workers at French nuclear conglomerate Areva's Somair mine in Niger started a three-day strike on Tuesday over what they declared was the group's failure to pay bonuses, as stated by a union representative.
read more... 08/04/2015
Gazprom mulls selling stake in German GAS group VNG
Gazprom unveiled its decision to withdraw from the capital of the German gas importer Verbundnetz Gas (VNG), selling its 10.52% stake.
read more... 07/04/2015
Daily: Crude oil rebounds on alleviated concerns about Iran, modest U.S. stockpiles rise
Crude oil prices recovered considerable on Monday, up more than 5 percent as traders reevaluated how fast Iran could ramp up exports after a preliminary nuclear deal and estimated that months-hike in U.S. crude stockpiles may be at a slow path. Oil broadened gains after industry intelligence group Genscape unveiled that inventories at Cushing, Oklahoma posted the lowest increase since November last week.
read more... 07/04/2015
Spain obtained 47% of its electricity from renewable energy sources in March
Spain’s renewable energy plants generated 47% of the country's electricity in March, according to figures released by the country’s grid operator Red Electrica de Espana (REE).
read more... 03/04/2015