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Daily: Crude oil prices register modest gains on US budget impasse

Crude oil prices registered modest gains on Friday, as the budget impasse in the United States continued and uncertainty about when it would finish grasped the market. World leaders and analysts fear the government shutdown would hurt economic growth and slash oil demand in the Unites States.

read more... 07/10/2013

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Daily: British gas declines on low demand, ample flows

Brent crude futures posted a slide below $109 a barrel on Thursday, following the biggest gain in two weeks in the last session, dragged down by concerns over a prolonged U.S. government shutdown would hit demand in the United States. Meanwhile, Brent crude decreased by 28 cents to $108.91 by 02:47 GMT, after settling $1.25 higher and U.S. oil dropped by 41 cents to $103.69, after ending $2.06 higher.

read more... 04/10/2013

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Daily: British wholesale gas boost on new gas year start

Brent crude dropped below$108 a barrel on Tuesday, trading near a 7-week low on the expectations for a U.S. government shutdown that could hurt oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear negotiations. Brent crude for November declined by 38 cents to $107.99 a barrel by 02:55 GMT. Meanwhile, U.S. crude settled at $101.95, down 38 cents.

read more... 02/10/2013

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IKEA start selling solar panels in UK

IKEA will start selling residential solar panels in UK in the coming months in a move which aims to bring renewable energy to the mainstream market worldwide. The company’s solar panels are made by China’s Hanergy. UK does not have the largest of solar markets if compared with other European countries, but thanks to subsidies offered by the government it has grown progressively, with installations increasing by 25% year on year.

read more... 01/10/2013

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Daily: Coal futures plunge at the weakest level in four weeks

Brent crude oil dropped over $1 to below 108 a barrel on Monday and was headed for its first monthly fall since May, as tensions over Iran attenuated and a potential U.S. government shutdown eclipsed the outlook for demand. Brent declined 83 cents to $107.80 a barrel by 09:50 GMT, set for a 5.5-percent monthly drop. Meanwhile, U.S. crude was down $1.09 at $101.78 a barrel.

read more... 01/10/2013

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