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Daily: Brent crude hits the 2015 peak at $63 a barrel
Crude oil settled up on Tuesday, prolonging earlier gains from this week, with Brent crude soaring to a 2015 peak of $63 a barrel as a short-covering came back to a market depressed earlier by concerns over euro zone stability. Risks to Middle East crude production and the decline of U.S. oil rig count added further spur to the market. Brent oil's front-month contract for April delivery rose by $1.13 to settle at $62.53 a barrel, recovering from the day's low of $60.27. The session peak of $63 was the highest level since December 18. WTI price for March climbed 75 cents to close at $53.53, against an intraday low at $50.81.
read more... 18/02/2015
Britain gives the green light to the largest offshore wind project in the world
Britain's energy ministry has given the green light to the Dogger Bank Creyke Beck offshore wind project, the largest offshore wind park worldwide.
read more... 18/02/2015
Ukraine to spend $1 billion to build up a strategic gas reserve
Ukraine has unveiled a plan to borrow $1 billion to create a strategic gas reserve in order to reduce its reliance on fuel imports from Russia.
read more... 17/02/2015
UK: Three major parties vow to end power generation from unabated coal power stations
David Cameron, Nick Clegg and Ed Miliband, leaders of Britain's three main parties, launched a joint pact stating that the UK aims to end power generation from unabated coal plants.
read more... 17/02/2015
Daily: European spot power prices jump on cold spell, weaker wind supply in Europe
Crude oil prices were little changed on Monday after hitting the highest level since nearly two months, as the dollar appreciation following the collapse of Greek debt negotiations helped to offset intensifying violence in Libya and worries about exports from Kurdistan. Brent futures fell 3 cents to hit $61.49 a barrel by 3 p.m. EST after touching an intra-day peak of $62.57 a barrel. U.S. March crude futures were flat at $52.78 a barrel. There was no settlement on Monday due to a U.S. public holiday, with Monday’s activity to be registered on Tuesday.
read more... 17/02/2015