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Daily: European forward power prices rally at 2-month high on increasing carbon, coal prices
Crude oil dropped for a second consecutive day on Tuesday since traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the group might cut production at its meeting on November 27. Benchmark Brent crude slipped 84 cents to close at $78.47 a barrel, while front-month U.S. crude close down $1.03 at $74.61.
read more... 19/11/2014
Kuzbassrazrezugol to reduce coal production by 2.3 million tonnes in 2015
Russian coal miner Kuzbassrazrezugol will reduce its output by 2.3 million tonnes in 2015 because of unfavorable international market conditions, as stated by the company.
read more... 18/11/2014
Daily: British wholesale gas prices increase on reduced flows, short system
Brent crude dropped below $80 a barrel on Wednesday for the first time since 2010, dragged down by technical selling, pressure from dollar appreciation and after Saudi Arabia’s oil minister hesitated to say if the kingdom supports a production cut at OPEC's meeting on November 27. Brent crude reached a session low of $79.84, its lowest level since September 2010, before closing down $1.29 at $80.38. After settlement, Brent declined below $80 again. WTI crude hit a session low of $76.63, then closed down 76 cents at $77.18.
read more... 13/11/2014
EDF: strong nuclear production compensates for unfavorable weather
Strong nuclear production in France compensated for the negative repercussion of bad weather on EDF’s sales in the first nine months of the year, as stated by French utility on Thursday.
read more... 07/11/2014
Daily: European power prices fall on milder weather, higher renewable production
Brent crude futures dropped below $86 a barrel on Friday as a result of a firmer dollar and a well supplied oil market.
read more... 31/10/2014