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Daily: Oil prices shed again on Saudi price discounts
Crude oil settled lower on Thursday as the debate over pricing was prolonged after Saudi Arabia unveiled considerable price discounts for oil it sells to Asian and U.S. buyers. North Sea Brent declined 28 cents to settle down at $69.64 a barrel, after trading in a range of nearly $2. U.S. crude dropped 57 cents to close at $66.81, having slipped to $66.09 earlier.
read more... 05/12/2014
EDF ought to double nuclear electricity sales to rivals
French power utility EDF must be obliged to double the share of nuclear electricity production it vends to competitors from a quarter to up to half so as to raise competition, as stated by GDF Suez's chief executive on Thursday.
read more... 05/12/2014
British government pledges cutting tax burdens on oil, gas
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014
Northern Ireland’s sole offshore wind project abandoned
Plans for the construction of the first major offshore wind farm in Northern Ireland have been threw out by the consortium developing the project, citing policy uncertainty.
read more... 04/12/2014
Daily: British gas prices decline as robust supply eclipsed higher demand
U.S crude oil prices settled higher on Wednesday at more than $67 after figures showed an unexpected decline in stockpiles, while a report indicating that Saudi Arabia expected lower prices for oil pulled down Brent below $70 a barrel. The spread between Brent and U.S. crude narrowed to below $3 a barrel, its lowest in 1-1/2 months.
read more... 04/12/2014