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Daily: European power prices trade higher on thermal plant outages
Brent crude traded under $109 per barrel on Tuesday following overnight gains which were backed by supply concerns in OPEC nation Libya, while investors were pending for U.S. economic data due later this week. Brent crude was steady at $108.96 a barrel, at 01:29 GMT unchanged from its close in the previous session, while U.S. crude oil dropped 13 cents at $105.98 a barrel.
read more... 13/08/2013
China on track to become world’s biggest oil importer
China is on track to become the world’s largest importer of crude oil, surpassing the U.S. for the first time. In the first 7 month of this year, China’s crude oil imports have already risen 1.4 % to 164 million tons. China is already the biggest energy consumer in the world and the second-largest oil consumer after the United States.
read more... 13/08/2013
IEA: global oil demand growth to slow in 2014
In its most recent Oil Market Report, the IEA has reduced its 2014 growth estimates for oil demand by 100,000 barrels per day, down to 1.1 million barrels per day, due to weaker than expected economic growth.
read more... 12/08/2013
Irish BNRG Renewables to build the biggest solar farm in UK
Irish company BNRG Renewables has announced that in September it will start the construction of the biggest solar farm in the UK after securing a 25-year planning permission for a site outside London.
read more... 12/08/2013
Israel, Greece and Cyprus signed “historic deal” on electricity cooperation
Israel, Greece and Cyprus signed a memorandum of understanding (MoU) on 7 August in Nicosia on cooperation in the fields of energy and water.
read more... 12/08/2013