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EU’s bank to credit Britain’s electricity grid $2.4 billion
The European Union's bank will offer a loan of 1.5 billion pounds ($2.4 billion) to Britain's National Grid, its major ever single loan, as stated by the bank on Friday.
read more... 10/11/2014
Daily: WTI crude posts its longest weekly decline since 1998
Brent crude futures increased 53 cents to settle at $83.39 per barrel on Friday; however it dropped nearly 3 percent for the week, the seventh consecutive week of losses. U.S. crude mounted less than a dollar on Friday but ended down more than 2 percent for the week, recording the first six straight week decline since December 1998. The Friday increase was spurred in part by geopolitical tensions in Ukraine and the dollar withdrew from its four-year high.
read more... 10/11/2014
Finland signs electricity export agreement with Russia
Finland on Friday signed an accord that permits power exports to Russia from the beginning of December, as stated by its grid firm Fingrid, making two way flows on the connection that had been employed for imports.
read more... 10/11/2014
Daily: European power prices fell on robust renewable supply
Crude oil markets declined on Thursday following a one-day hike as concerns about strong supplies returned to pursue traders, while a dollar rally added to the pressure, weighting on commodities priced in the currency. At the settlement, Brent's front-month declined by 9 cents to trade at $82.86 a barrel, compared to its 90 cent- decline earlier in the day. U.S. crude close down 77 cents at $77.91, after slipping as much as $1.56 during the session.
read more... 07/11/2014
Polish utility Energa intends to make investments of $5.3 billion
Poland's Energa is aiming to invest 18.2 billion zlotys ($5.34 billion) until 2022, after the country's fourth major utility registered a third-quarter net profit at the level of market expectations, as stated by the group on Friday.
read more... 07/11/2014