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Daily (01.11.2022): Energy prices lost ground on Monday due to recession worries, mild weather, high gas storage levels, low demand
Oil prices extended losses on Monday amid weak economic data from China due to widening COVID-19 curbs. Furthermore, a potential rise in US production also put pressure on prices. Thus, Brent crude decreased by 1% to close at $94.83 a barrel. At the same time, WTI crude fell by 1.6% to $86.53 a barrel.
read more... 01/11/2022
Slovenia ‘very likely’ to withdraw from Energy Charter Treaty
Slovenia will follow the lead of countries such as the Netherlands, Spain and France and very likely withdraw from the Energy Charter Treaty, Infrastructure Minister Bojan Kumer announced on Tuesday (25 October).
read more... 26/10/2022
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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
Daiy (12.10.2022): Oil prices declined amid worsening global economic outlook
Oil prices had a bearish evolution on Tuesday, as a result of a worsening prognosis for global economic outlook due to the conflict in Ukraine. Consequently, Brent crude tumbled by 1.9% to $94.29 a barrel, and WTI oil dipped by 1.9% to $89.35 a barrel.
read more... 12/10/2022
EU ministers back €20 billion plan to ditch Russian fossil fuels
EU finance ministers reached a deal on Tuesday (4 October) to raise €20 billion from the bloc’s carbon market to support the transition away from Russian energy, opening the way for talks with the European Parliament to finalise the plan.
read more... 06/10/2022