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Daily energy Overview, Tuesday, April 20, 2011

U.S. crude oil futures traded higher in the post-settlement trading on Tuesday after API data indicated a less than expected increase in domestic crude stockpiles and a more than expected decrease in gasoline inventories.

read more... 20/04/2011

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China to double its wind power capacity by 2015

According to the Wind Energy Association, China becomes world leader with its 44,700 MW of installed wind capacity and aims to double its wind power capacity to 90,000 MW until 2015.

read more... 20/04/2011

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Nabucco consortium sees 2011 as a key year for final investments decisions

According to an official representative of the Nabucco project, the consortium expects to make a final decision on investing in the project by late 2011, the most important step in the project implementation remains is negotiating with potential gas suppliers.

read more... 20/04/2011

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EU to hit oil drilling companies for coastal pollution

EU energy commissioner Guenther Oettinger plans to adopt a more stringent attitude on oil companies with a series of measures to prevent leaks in EU water as it happened in the Gulf of Mexico last year.

read more... 20/04/2011

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Daily energy Overview, Tuesday, April 19, 2011

U.S. crude oil futures decreased on Monday after three consecutive days of gains after the ratings agency Standard & Poor’s revised its long-term credit outlook for the United States from stable to negative, while Saudi Arabia’s cut output because of an oversupplied oil market and a low demand for crude oil.

read more... 19/04/2011

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