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Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014
Britain: 12 GW of power plant capacity to be taken offline by the end of 2023
About 12 GW of power plant capacity might be taken offline in Britain by the end of 2023, because of tougher European Union pollution laws, according to Reuters estimates published on Wednesday. Britain’s main goal is to ascertain a varied, low-carbon and efficient energy mix so as to cut emissions and offer consumers the best transaction, as stated by a spokeswoman from the UK’s Department of Energy and Climate Change.
read more... 13/03/2014
Italy: GME energy bourse to close carbon trading platform after 3-year suspension
On March 22, Italian bourse Gestore Mercati Energetici (GME) will close its carbon emissions market, after more than three years of trade suspension as a result of a supposed illicit activity.
read more... 13/03/2014
Daily: British natural gas prices drop on weak demand, warmer temperatures
European benchmark Brent prices posted a modest decline on Wednesday dragged down by geopolitical risk in Libya and signs that the European Union might impose more stringent sanctions on Russia.
read more... 13/03/2014
Czech PM desires more EU funding for energy security
The Czech Prime Minister, Bohuslav Sobotka, declared on Tuesday that more funding is needed from the European Union to projects increasing energy security of its member states by linking their energy networks in order to strengthen diversification of resources.
read more... 12/03/2014