US WANT TO EUROPE
The combination of asset sell-offs by major European energy players - most notably Germany's E.ON - and increased concern over energy supply security has served to bring back the decade-old utility privatization trend in Central and Eastern Europe. States are attempting to get their hands on long-term gas supply contracts with the Russian natural gas exporter Gazprom and pave the way for a multi-commodity energy supplier business where they can influence end-user prices directly. If mismanaged, such trend in the medium to long-term may reduce investments into pipelines and thus decrease the desired security of supply.
The former socialist Central and Eastern European countries…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
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U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.