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Daily Energy Market Overview 09.30.2010

Oil increased above $78 per barrel on Thursday, due to weak dollar. U.S. crude oil futures climbed at $78.79 per barrel. At 11:37 GMT, it registered an increase of $0.84 to $78.70. ICE Brent crude futures were up $1.04 to $81.81 per barrel.

read more... 30/09/2010

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South Africa wants to engage in renewable energy.

South Africa jointly with its partner, the Clinton Initiative, are seeking to attract investors, public or private, in order to invest up to 150 billion euros in a solar plant.

read more... 30/09/2010

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New electricity cable between Finland and Estonia

Fingrid, the Finnish grid operator announced that it intended to go through with the project of building a 650-megawatt Estlink 2 cable between Finland and Estonia that would cost 320 million euros.

read more... 30/09/2010

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Kazakhstan interested in building a nuclear plant.

Three Japanese companies, Japan Atomic Power Company, Toshiba Corp and Marubeni Corp, announced Wednesday that an agreement has been reached with Kazakhstan administration to provide data and cost estimates for the construction of a nuclear power plant with an advanced boiling water reactor.

read more... 30/09/2010

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Daily Energy Market Overview 09.29.2010

Oil was up on Wednesday. At 06:52 GMT, U.S. crude for November increased $0.49 to $76.67 per barrel, close to a two-week high above $77, while ICE Brent for November rose from $78.71 to $79.21. Crude stocks decreased by 2.4 million barrels, the API officials said.

read more... 29/09/2010

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