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Daily: European power for Monday mixed on more French nuclear and cold weather
Brent and U.S crude futures rose on Friday, backed by the intensification of conflict between Israel and Palestinian militants who stimulated concerns about supply in the Middle East and by a fire on an energy platform in the Gulf of Mexico.
read more... 19/11/2012
Daily: Oil prices up above $116 on stimulus hopes
Oil prices continued to increase for a fourth consecutive day, above $116 per barrel, on hopes for further stimulus measures from central banks in the United States and Europe, and a sluggish restart in the Gulf of Mexico after Hurricane Isaac. By 08:27 GMT, Brent crude futures rose 30 cents to $116.08 a barrel, after reaching as high as $116.36 earlier in the session. Meanwhile, U.S. crude futures rose 53 cents to $97 a barrel from Friday's settlement. U.S. markets closed on Monday for the Labor Day holiday.
read more... 04/09/2012
Italy: offshore oil and gas exploration projects to resume after Berlusconi’s ban in 2010
The Mario Monti’s government has canceled the ban on offshore oil and gas exploration imposed by Silvio Berlusconi in 2010, following the Macondo well explosion in the Gulf of Mexico, causing the largest U.S. offshore oil spill.
read more... 20/07/2012
Italy to reconsider 2010 offshore drilling ban
The Italian government is expected to repeal a ban on offshore oil and natural gas drilling enacted in the wake of the 2010 oil spill in the Gulf of Mexico, an official said.
read more... 06/06/2012
BP to register a drop in its profit
BP registered a drop in its profit higher than expected because of weaker production prompted by the need to sell oil fields in order to pay for the disaster occurred in the Gulf of Mexico.
read more... 01/05/2012