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Daily: Europe power prices rally on weaker supply, strong demand
Crude oil prices posted a moderate gain on Monday on signs of healthy supplies as tensions in Libya and Iraq tempered. Brent crude rose 32 cents to close at $106.98 a barrel, while U.S. crude futures boosted 8 cents to settle at $100.91 a barrel. The spread between the two benchmarks settled at $6.07.
read more... 15/07/2014
Daily: German power prices tumbled on higher solar power output
Crude oil prices dropped on Wednesday, with Brent declining as a Libyan oilfield resumed its production and U.S. crude falling on shaking demand for gasoline. Brent crude futures decreased by 66 cents to settle at $108.28 a barrel, after hitting a one-month low of $108.14 during the session, its eighth consecutive fall, the longest strip since May 2010. Brent contract for August delivery was trading at a discount of about 19 cents to the September contract. Meanwhile, U.S. crude eased $1.11 to settle at $102.29 after declining as low as $102.00. The WTI benchmark has dropped for nine straight sessions, its longest streak since December 2009.
read more... 10/07/2014
Daily: Europe power prices fell alongside a decrease in EUAs
Crude oil prices plunged on Friday with European Brent sinking below $111 a barrel on expectations of stronger exports from Libya and more U.S. crude soon finding its way to refiners, but losses were capped by optimistic economic data showing a higher demand outlook.
read more... 07/07/2014
GDF Suez: Mirfa electricity and water agreement signed in Abu Dhabi
French utility GDF Suez declared it signed a power and water accord with the Abu Dhabi Water and Electricity Company for a period of 25 years, since it aims to capitalize on increasing demand in the area.
read more... 04/07/2014
EU utilities to be negatively affected by low energy prices until 2020
Low wholesale power prices will make Europe's utilities suffer, corroding their revenues until the end of the decade since increasing renewable production and low demand integrate, according to the rating agency Moody on Wednesday.
read more... 03/07/2014