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Russia: Gazprom will cut 2015 Capex by approximately $8 billion
Russia's state-controlled Gazprom declared on Tuesday it would cut its capital expenditure this year by approximately $8 billion to $30 billion since political and market expansion formed a tough business environment.
read more... 03/02/2015
Poland: renewable energy capacity increases 9.4% to 6 GW in 2014
Poland's renewable energy installed capacity increased to 6,029 megawatts (MW) in 2014 from 5,511 MW a year earlier, due to more wind and solar plants, as indicated by data from energy market regulator URE on Monday.
read more... 03/02/2015
Total: plans to drill shale test well in Denmark postponed
Total has postponed by several months its plans to drill Denmark's first test wells for shale gas, as stated by the French oil major on Monday.
read more... 03/02/2015
Daily: British prompt natural gas prices soar on short supply, cold weather
Crude oil prices soared again on Monday, as some investors bet that a bottom had created to the seven-month long strip on the market even as others remained pessimistic. Benchmark Brent and U.S. oil futures oscillated in a range of about $4 a barrel, one of their largest in weeks, as near-term technical signals showed further gains, while fundamental figures continued to pose an impact on the market. Brent rose by $1.76, or 3.3 percent, to settle at $54.75 a barrel, fluctuating between a session peak of $55.62 and a low of $51.41. WTI crude increased $1.33, or 2.8 percent, to close at $49.36 a barrel, oscillating between $50.56 and $46.67.
read more... 03/02/2015
Daily: Oil prices start to surge on a record decline in U.S. oil drilling
Crude oil prices rebounded from six-year lows on Friday, rallying more than 8 percent, supported by a record weekly decline in U.S. oil drilling. The hike may raise speculation that a seven-month price plunge is over. Brent crude increased by 3.86 to settle at $52.99 a barrel, after shooting up to as high as $53.08, the highest level in more than three weeks. U.S. oil futures rose by $3.71 to close at $48.24, rebounding by nearly $3 in a final hour.
read more... 02/02/2015