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Daily: European power up along with coal, carbon prices
Brent crude increased over $108 a barrel on Wednesday after crude oil inventories in the U.S. declined to the lowest level since March 2012. Meanwhile, Brent boosted 24 cents to $108.43 a barrel by 14:50 GMT, after falling to its lowest in more than a month in the previous session and U.S. crude rose 81 cents to $106.23, after slipping $1.17 per barrel on Tuesday.
read more... 19/09/2013
Spanish REPSOL interested in oil-firm acquisition in North America
Spanish oil giant Repsol is interested to acquire a North American oil company as it is looking to boost its investments in politically stable countries, taking advantage of the U.S. oil boom.
read more... 18/09/2013
Russia to curb oil supplies to Belarus by 40% as the dispute escalates
Russia will cut oil pipeline deliveries to Belarus by 42% in the fourth quarter under an export schedule unveiled on Tuesday. The decision came amid a dispute over the arrest in Minsk of a Russian businessman, the head of the Russian potash company Uralkali.
read more... 18/09/2013
Daily: British wholesale gas at lowest level since March
Brent crude oil prices recorded a six-week low on Tuesday, as the major world powers met to draft a resolution that would require the destruction of Syria’s chemical weapons. Brent crude for November delivery traded $1.88 per barrel lower at $108.19, after trading as low as $107.41, the weakest settlement price since August 8. Meanwhile, U.S. crude for October delivery settled $1.17 per barrel lower at $105.42, below the 50-day moving average of $106.60, after trading as low as $105, its weakest level since September 3.
read more... 18/09/2013
Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 17/09/2013