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Daily: Crude oil prices decline as OPEC leader vows not to curb oil production
Crude oil prices resumed their downward trend on Monday on Saudi Arabia’s minister declarations that OPEC would not curb production at any price. Brent crude decreased by $1.27, or 2 percent, to settle at $60.11 a barrel after a session low of $59.84. U.S. crude's front-month contract declined $1.87, or 3.3 percent, to close at $55.26 a barrel.
read more... 23/12/2014
Bosnians to pay more for electricity in new liberalized market
The regulator in Bosnia's independent Bosniak-Croat Federation authorized on Monday the region's two electricity utilities increasing household power prices in January when Bosnia's electricity market is scheduled to become entirely open.
read more... 23/12/2014
Kollsnes outage seen reducing Norway gas production by 13 MCM/day on Tuesday
Norway's gas production dropped by 13 million cubic metres per day (mcm) on Tuesday since Kollsnes gas processing plant, the country's largest, was closed on Monday because of external electricity supply loss, as stated by Norwegian gas system operator Gassco on Tuesday.
read more... 23/12/2014
UK: $1.6 billion to be paid by households for backup electricity plants
British households will pay approximately 1 billion pounds ($1.6 billion) to aid assure the country's power supply in 2018/19, after a government public sale decided who will offer reserve electricity capacity.
read more... 22/12/2014
Daily: British natural gas prices fell on warmer temperatures, oversupplied system
Crude oil boosted by as much as 5 percent on Friday, posting its largest increase in over two years as traders took profits on short positions after prices reached the weakest level since 2009. Brent crude for front-month delivery jumped $2.11, or 3.4 percent, to settle at $61.38 a barrel, after closing twice this week below the psychologically key level of $60, and continued to boost as high as $62.66 in post-settlement trade. WTI's front-month crude boosted $2.41 to close at $56.52 a barrel, ending the day on an unusually positive note at just 39 cents off the intra-day peak.
read more... 22/12/2014