Crude oil prices tumbled amid increased concerns over oil demand following Bank of England’s decision to hike interest rates to 5%. Despite lower US oil supplies, Brent crude and WTI crude decreased by about 4% to settle at $74.14 a barrel and $69.58 a barrel, respectively.
read more... 23/06/2023
The UK Government will backtrack on plans to include a ban on opening new coal mines in its updated Energy Bill currently moving through Parliament, the BBC reports.
read more... 21/06/2023
Crude oil prices soared on Thursday, against a backdrop of a weaker dollar following a rate hike by the European Central Bank and a standstill by the Fed. Hence, Brent crude increased by 3.4% to settle at $75.67 a barrel. At the same time, WTI crude traded 3.4% higher at $70.62 a barrel.
read more... 16/06/2023
The European Union could move to ban imports of Russia’s pipeline gas by the end of this year if it puts preliminary measures in place, Walter Boltz, energy advisor to the Austrian government, has told Independent Commodity Intelligence Services (ICIS).
read more... 14/06/2023
Italy could shut down its coal-fired power stations in 2024, a year earlier than planned, if gas prices remain at current low levels, Environment Minister Gilberto Pichetto Fratin said on Monday.
read more... 06/06/2023