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Daily energy Overview, Thursday, May 26, 2011
Crude oil futures increased on Wednesday having hit the highest level over the last two weeks as released report of the US government indicated a huge and unexpected drop in distillate stockpiles last week which pushed US heating oil futures up.
read more... 26/05/2011
Swiss government votes to phase out nuclear power by 2034
Nuclear power supplies 40% of Switzerland’s electricity, but under the pressure from the largest anti-nuclear protest of the last 25 years, at which participated about 20,000 people, the Swiss government has proposed a complete decommissioning of nuclear power by 2034.
read more... 26/05/2011
Kan discusses nuclear safety with Sarkozy on the eve of Group of Eight Summit
The Japanese Prime Minister Naoto Kan and French President Nicolas Sarkozy met on Wednesday to discuss on nuclear safety issues, on the eve of the yearly summit of Group of eight countries, chaired by the French president, which will take place in Deauville, northwestern France.
read more... 26/05/2011
Daily energy Overview, Wednesday, May 25, 2011
Crude oil futures increased on Tuesday after Goldman Sachs raised its forecasts on Brent crude and as a weaker dollar attracted traders to commodities, while released economic data indicated an increase in sales of U.S. single-family homes. U.S. crude for July delivery traded at 99.59 dollars a barrel, lifting 1.89 dollars after a trading range from 96.61 and 100.09 dollars, while ICE Brent crude for delivery in July settled at 112.53 dollars a barrel, up 2.43 dollars, after a trading range between 109.50 and 112.65 dollars.
read more... 25/05/2011
Daily energy Overview, Tuesday, May 24, 2011
Crude oil futures decreased on Monday as worries about the debt crises in the euro zone raised the dollar to a two-month high level against the euro, spreading risk aversion across markets. U.S. crude for July delivery traded at 97.70 dollars a barrel, down 2.40 dollars, while ICE Brent for July delivery settled at 110.10 dollars a barrel, down 2.29 dollars, after a trading range between 108.58 and 112.23 dollars.
read more... 24/05/2011