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Daily: Crude oil falls 2 percent on uncertainty about output cut at OPEC summit
Crude oil prices declined by 2 percent to hit near four-year lows on Tuesday in another volatile session as a meeting in Saudi Arabia and three other nations ahead of an OPEC summit closed with no sign of an accord to cut oil production. Benchmark Brent crude decreased $1.35 to settle at $78.33, slipping from an intraday peak of $80.44. U.S. crude fell $1.69 to close at $74.09. It declined more than $2 in post-settlement trade, hitting $73.71.
read more... 26/11/2014
German renewable energy scheme approved by EU regulators
Germany subsidies for generating renewable energy did not contravene EU regulations, as stated by the European Commission on Tuesday, subsequent to an in-depth examination into whether they had constituted inequitable competition.
read more... 26/11/2014
Eni obtained approval from Ghana for $6 billion offshore gas project
Ghana's government has given Italian energy company Eni the final approval to expand gas resources in the Offshore Cape Three Points (OCTP) block, likely to start production in 2017, it said on Monday.
read more... 25/11/2014
Daily: European forward prices hit 11-week highs on forecasts of winter cold snap
Crude prices settled lower, with Brent trading below $80 a barrel, after a volatile session on Monday, as Russia tried to influence OPEC to cut production. Benchmark Brent crude oil's front-month contract closed down 68 cents at $80.28 a barrel. U.S. crude's front-month declined 73 cents to fluctuate between $75.48 and $77.02.
read more... 25/11/2014
China: Bluestar will purchase REC Solar for $640 million
China National Bluestar has decided to purchase solar panel manufacturer REC Solar for 4.34 billion Norwegian crowns ($640 million) and is aiming to unite it with another Norwegian asset it acquired in 2011.
read more... 25/11/2014