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Germany girds for gas supply pain, targets $93 billion price relief plan
Germany on Monday said it plans to urgently implement a 96 billion euro ($93 billion) plan to ease pressure on consumers from surging gas prices as it was warned that the supply situation heading into winter remained tense even with full reserves.
read more... 12/10/2022
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Bulgaria is lagging in accumulation of gas reserves
Bulgaria will not achieve the EU’s minimum goal of filling up to 80% of its gas storage by the start of the heating season, which in the EU begins on 1 October, EURACTIV’s partner Dnevnik reported.
read more... 28/09/2022
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
Daily (22.09.2022): Oil prices dropped to a two-week low on Wednesday after U.S. Fed hiked interest rates
On Wednesday, oil prices dropped to a two-week low as the U.S. Federal Reserve announced yet another important rate hike to combat inflation, which might dampen economic growth and oil demand. Thus, Brent crude decreased by nearly 0.9% to $89.83 a barrel, while WTI crude fell by 1.2% to $82.94 per barrel.
read more... 22/09/2022
Netherlands warns against EU carbon market fundraising plan
The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc's climate change policy, and put forward alternative plans.
read more... 08/09/2022