Brent crude oil futures increased off sessions lows on Tuesday after bullish Chinese data strengthened the demand panorama from the world’s No.2 oil consumer. China's industrial output increased a forecast-beating 10.4 percent in August from a year ago, while retail sales boosted 13.4 percent.
read more... 11/09/2013
British energy giant BP unveiled a significant gas discovery in the East Nile Delta, Egypt.
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China ranks first in the world in attracting renewable energy investment, receiving US$ 65.1 billion in 2012. However, a new analysis performed by the World Resources Institute (WRI) shows that China is increasingly becoming a global force in international clean energy investment.
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Iran is planning to deliver natural gas to Europe in the near future after it inked similar agreements and memoranda of understanding (MoUs) with some Asian countries.
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Brent crude oil futures dipped to a one-week low below $113 a barrel on Tuesday as supply concerns diminished after Russia offered to help put Syria's chemical weapons under international control, relieving fears of an imminent strike against the country.
read more... 10/09/2013