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Africa's oil states facing fresh challenges in 2015
The slump in global oil prices is expected to hit Africa's economies far more than the Ebola epidemic and will likely have more far reaching implications for countries facing elections...Read More »
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US crude oil exports up to record 502,000 b/d in November: EIA
US crude exports rose 126,000 b/d to a record 502,000 b/d in November, US
Energy Information Administration data showed Thursday.
NWE naphtha cracks at 4-month high on steady petchem demand
The front-month CIF Northwest Europe naphtha crack swap rose to a
four-month high of minus $3.60/barrel Wednesday, up 60 cents/b on the day,
with sentiment boosted by a stronger Asian naphtha market, a widening
mogas/naphtha spread and still firm demand from European petrochemical
end-users, according to trading sources.
China's ex-refinery jet fuel price poised to lose another $155/mt in Feb
China's three major jet fuel suppliers are expected to drop their
ex-refinery prices by around $155/mt in February from January levels, marking
the eighth consecutive monthly decline, according to Platts calculations based
on the government's pricing formula.
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US wind power installations total 65,875 MW after 2014 additions: AWEA
US wind power developers installed 4,850 MW of new capacity in 2014,
bringing total capacity to 65,875 MW, according to data from the American Wind
French day-ahead power prices fall as demand eases ahead of Feb cold spell
French day-ahead power prices fell Thursday with demand set to ease ahead
of cold weather conditions forecast for next week, boosting week-ahead
contracts with week 6 peakload heard at a 2015 high of Eur62/MWh, according to
UK demand nears winter peak, strong wind, coal production seen Wednesday
UK electricity demand peaked at 52,264 MW at 17:30 GMT Tuesday, and is
forecast to remain close to 52 GW Wednesday and Thursday, according to data on
Elexon's Balancing Mechanism website Wednesday.