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Daily: British spot gas trades at the lowest level since October 2010 on weak demand, health supply
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014
Total and E.ON to abandon a pipeline to convey Azeri gas to Italy
France's Total and Germany's E.ON intend to exit the Trans Adriatic Gas Pipeline (TAP) to convey Azeri gas to Italy, since decreasing Italian demand puts energy projects into doubt, according to Vagif Aliyev, SOCAR's investment department manager at Azeri SOCAR.
read more... 04/06/2014
Daily: British gas prices decreased due to higher supplies from Norway
Brent futures slightly increased on Thursday, holding near $110 a barrel amid expectations of higher demand from top oil consumer the United States since a sharp decline in the country's gasoline stocks added to latest data leading to a stronger economy.
read more... 29/05/2014
Daily: European spot power prices increase on temperature changes, higher demand
Brent crude slipped to about $110 a barrel on Monday, declining from the two-and-a-half month high touched the previous week, curbed by presidential election in Ukraine which raised hopes of a political stability in the country.
read more... 27/05/2014
Greece approves demand of Italian company to seek out oil, gas
Greece authorized on Wednesday a demand of an Italian energy company to seek out oil and natural gas in three onshore regions in the west of the country, Arta, Aetoloakarnania and the northwestern Peloponnes.
read more... 26/05/2014