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Daily Energy Overview, Monday, February 28, 2011
Brent oil closed the week above 112 dollars a barrel on Friday, on unstable situation in Libya, down from the 2 ½ year utmost level registered on Thursday following Saudi Arabia’s decision to augment its oil output to level the market.
read more... 28/02/2011
Daily Energy Overview, Friday, February 25, 2011
U.S. and Brent crude futures dropped suddenly in the post settlement trading on Thursday after the spread of rumors that the Libyan President, Muammar Gaddafi had been shot.
read more... 25/02/2011
Daily Energy Overview, Thursday, February 24, 2011
U.S. crude stocks increased by 163,000 barrels previous week, less than Reuters analysts’ expectations for a 1.2 million barrel rise. U.S. crude futures traded 98.84 dollars a barrel on Wednesday, up 3.42 dollars. Prices for crude futures in the earlier trade hit 100 dollars a barrel the first time since October 2008 following the concerns of cuts supply in Libya and the turmoil in the Middle East.
read more... 24/02/2011
Daily Energy Overview, Wednesday, February 23, 2011
Oil prices went up as much as 6 percent on Monday with Brent crude traded in London at almost 109 dollars a barrel at one point for the first time since 2008. Brent crude for April delivery added 4 cents being traded at 105.78 dollars a barrel, while U.S. crude for March delivery, which expired on Tuesday, rose to 93.57 dollars a barrel. Oil prices stayed strong on Tuesday, but very close to 106 dollars.
read more... 23/02/2011
China's electricity consumption continued to raise, up 14.56% in 2010
In 2010 China's electricity consumption sharply rose, up 14.56 percent to well over 4.19 trillion kWh, the China Electricity Council said.
read more... 23/02/2011