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Daily Energy Overview, Tuesday, February 01, 2011

Oil prices retreated on Tuesday as the second-largest oil consumer in the world, China, has seen its factory growth plunging to a five-month low, indicating demand may not augment as rapidly as expected, and amid concerns that disorder in Egypt could endanger the stability of the Middle East and interrupt oil shipments from the region, though keeping Brent above $100.

read more... 01/02/2011

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Iran is planning to open a new oil refinery in the Middle East

According to Teheran Times, Iran is planning to put into operation the biggest oil refinery in the Middle East, called Shazand in the next few days.

read more... 01/02/2011

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European Commission demands more renewable energy investment and cooperation

The European Commission announced on January 31st that the EU Member States are on the right track for achieving the 2020 renewable goals which will most likely be met. These actions could bring up to 10 billion euros of savings each year.

read more... 01/02/2011

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Daily Energy Overview, Monday, January 31, 2011

U.S crude oil futures increased more than 4 dollars a barrel on Friday as U.S. economy data indicated a year-on-year growth of 3.2 percent in the fourth quarter of 2010. By 17:15 GMT, prices for March delivery increased by 3.75 dollars at 88.39 dollars a barrel on the New York Mercantile Exchange, after having hit the utmost level of 89.73 dollars a barrel.

read more... 31/01/2011

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UK - leader in the offshore wind sector

The recently released report by the European Wind Energy Association has shown that UK is the leader in the offshore wind sector with a total installed capacity of 1,341 MW. UK is followed by the Denmark (854 MW), the Netherlands (249 MW), Belgium (195 MW) and Sweden (164 MW).

read more... 31/01/2011

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