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Electricity producer Drax affected by weak prices
Drax has forward vended some of its power for this year at a 1.8 percent rebate to prices attained earlier this year denoting the British electricity producer is continuing to be affected by weak power prices.
read more... 09/06/2015
Daily: French and German electricity spot prices traded at par at 33.5 Eur/MWh
Crude oil dropped by 1 percent or more on Monday on a decline in Chinese demand and concerns that OPEC’s decision to hold its output threshold could prolong the actual oversupply, even if a weaker dollar slashed losses. Chinese imports slipped by more than 6 percent, against a 10 percent drop in exports. Brent crude lost 62 cents, or 1 percent, to settle at $62.69 a barrel. U.S. crude fell 1.7 percent, or 99 cents, to close at $58.14.
read more... 09/06/2015
Operators offer UK-Belgium electricity link agreements to Siemens, Sumitomo
Belgium's Elia and Britain's National Grid have offered two contracts together estimated at approximately 500 million euros ($558.35 million) to construct the first electricity trade cable between Britain and Belgium to Siemens and a division of Sumitomo Electric Industries.
read more... 09/06/2015
Russia’s Gazprom wants to invest in Brazil oil, gas
Russia's Gazprom is thinking about investments in oil and natural gas in Brazil and might bid for exploration rights in the nation's 13th-Round concession auction in October, as stated by Shakarbek Osmonov, manager for Brazil and Latin America.
read more... 09/06/2015
Daily: Crude oil gains 2% on OPEC decision to hold output level
Crude oil established its first hike in three days on Friday, up 2 percent immediately after the OPEC’s cartel decision to hold production levels at 30 million barrels per day. Crude oil prices were volatile after the OPEC’s announcement, with Brent trading in a narrow range around $62 a barrel, before ending the day up at $63.31 a barrel. On April 16, the European benchmark hit a low of $60.94. For the week, it fell 3.6 percent. WTI crude firmed by $1.13, or almost 2 percent, to settle at $59.13. It lost 2 percent on the week.
read more... 08/06/2015