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Daily: Crude oil prices settle up on stronger demand from China
Brent crude oil settled up almost 1 percent on Tuesday, buoyed by figures showing stronger-than-expected China demand and some technical price rebound after weeks of continuous selling. Brent increased by 82 cents to settle at $86.22 a barrel. U.S. West Texas Intermediate (WTI) crude boosted 10 cents, or 0.1 percent, at $82.81, after reaching a session peak at $84.05.
read more... 22/10/2014
Wind power could hit 2,000 GW by 2030
Installed wind power could hit 2,000 GW globally by 2030 and could meet up 19% of electricity demand, according to a report performed by a trade association and Greenpeace.
read more... 22/10/2014
Daily: British wholesale natural gas prices slip on warmer temperatures, curbed demand
Brent crude dropped on Monday, falling below $86 a barrel as concerns about oversupply and weak demand dragged down worldwide oil benchmark back to last week’s four-year low. WTI crude hovered below $83 a barrel. Brent settled as low as $84.41, after having dropped 69 cents at $85.47 a barrel by 1945 GMT. U.S. crude declined 4 cents to close at $82.71 a barrel. The spread between Brent and U.S. crude extended at $3.39 a barrel.
read more... 21/10/2014
Novatek calls for more state support for LNG project since China negotiations tumble
Novatek, Russia's second major gas producer which is under U.S. sanctions, is demanding the government for 150 billion roubles ($3.67 billion) in support after fighting to obtain funds from Chinese banks, as published in the Kommersant newspaper on Friday.
read more... 17/10/2014
Daily: World crude oil prices decline on pessimistic economic and demand growth forecasts
Worldwide crude oil prices plunged on Tuesday to settle at their weakest in more than two years, dragged down by pessimistic economic and demand growth forecasts. Brent crude for November delivery dipped by 68 cents to settle at $92.11 a barrel. Brent slipped to a contract low of $91.25 on Monday before recovering in late trading. WTI crude for November delivery declined by $1.49 to $88.85, then fell further in late trade.
read more... 08/10/2014