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Daily: European power spot prices increase on colder weather and low supply
Brent crude oil futures for March delivery settled down 18 cents at $111.71 per barrel on Monday, ending a three-day rally , dragged down by pessimism over global economic growth which restored traders ‘focus to healthy supply levels, slashing fears of unrest in North Africa. Meanwhile, U.S. WTI crude futures were off 9 cents in overnight electronic trading at $95.47 a barrel at 1649 GMT, after hitting a four-month high last week. U.S. markets were closed on Monday for a public holiday.
read more... 22/01/2013
Daily: EU carbon declines on the German sale permits auction cancellation
Brent and U.S. crude oil futures edged up on Friday during a choppy trading, supported by geopolitical threats brought to supply, Chinese economic data and the possibility to reach a deal which would temporarily increase the U.S. debt ceiling. Brent crude increased 79 cents, or 0.71 percent, to settle at $111.89 a barrel, having traded from $110.47 to $110.96. Meanwhile, U.S. crude climbed 7 cents, or 0.07 percent, to settle at $95.56 a barrel, having traded from $94.91 to $95.67.
read more... 21/01/2013
Poland: Shale gas taxation could be slightly lower
The Polish government’s proposed tax on shale-gas exploration could be lower than the 40% of the gross profit on extraction of gas and oil, according to the declarations of Environment Minister Marcin Korolec made on Friday.
read more... 21/01/2013
Daily: European power spot prices settle higher on colder temperatures
Brent and U.S. crude oil futures settled higher on Wednesday supported by Energy Information Administration's (EIA) weekly inventory report showing a decline in U.S. crude last week.
read more... 17/01/2013
OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013