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Daily (07.11.2022): Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil
Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil and the possibility of China loosening some COVID restrictions. As such, Brent crude settled 4.1% higher at $98.57 a barrel, while WTI crude soared by 5% to $92.61 per barrel.
read more... 07/11/2022
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Hungary will not agree to EU gas price cap, will need exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
read more... 24/10/2022
Hungary's Orban has 'high hopes' for 2023 energy bill caps
Hungary will probably be able to maintain a partial cap on household energy bills next year, Prime Minister Viktor Orban said on Friday, adding that the 2023 budget would need to be modified in December.
read more... 03/10/2022
Daily (27.09.2022): Oil prices declined on Monday recent increased interest rates by US Federal Reserve
Oil prices dropped on Monday, as the US Federal Reserve and the Bank of England increased interest rate. Moreover, fears of a recession suggested that demand could be destroyed. Consequently, Brent crude decreased by 2.4% to $84.06 a barrel, and WTI oil also fell by 2.5% to $76.71 a barrel.
read more... 27/09/2022
Denmark to offer energy price support despite central bank warning
Danish lawmakers on Friday agreed an economic aid package worth 5.05 billion Danish crowns ($664 million) to soften the blow from rocketing energy prices, going against a warning from the central bank.
read more... 26/09/2022