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EU struggles with Russian oil price cap, talks to resume when positions converge
European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.
read more... 25/11/2022
Daily (24.11.2022): Cold weather and threats that Russia could cut gas exports contributed to the rise in gas prices on Wednesday
Oil prices were bearish on Wednesday, as EU members continued to discuss a price cap on Russian oil. Consequently, Brent crude traded 3.3% lower at $85.41 a barrel, and WTI oil fell by 3.7% to $77.94 a barrel.
read more... 24/11/2022
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France's first commercial-scale offshore wind farm starts full operations
France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.
read more... 24/11/2022
Daily (22.11.2022): Energy complex climbed on Monday amid colder weather
Crude oil prices closed fractionally lower on Monday in a volatile trading session, after Saudi Arabia “categorically” denied a report that Opec was considering an increase in output that would help to counteract a loss of Russian crude supplies. Hence, Brent crude slipped by 0.2% to settle at $87.45 a barrel. U.S. WTI crude ended the day rather flat $80.04 a barrel.
read more... 22/11/2022
Daily (17.11.2022): Oil prices were bearish on Wednesday after the restart of crude supplies via Druzhba pipeline
Oil prices dropped on Wednesday as a result of the commencement of Russian oil supplies via the Druzhba pipeline to Hungary and an increase in COVID-19 cases in China. As a result, Brent crude settled at $92.86 a barrel, down 1%. WTI crude decreased by 1.5% to $85.59 per barrel.
read more... 17/11/2022