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Baltic states become first in Europe to stop Russian gas imports
The head of Latvia’s natural gas storage operator said Saturday (2 April) the Baltic states were no longer importing Russian gas, a decision made in reaction to the Kremlin’s decision to invade Ukraine.
read more... 04/04/2022
Daily (31.03.2022): European gas prices soared on Wednesday, amid fears of gas supply disruptions from Russia
Crude oil prices strengthened on Wednesday, amid resurging concerns over global supply of black gold due to doubts over any immediate diplomatic solution to the conflict in Ukraine. Hence, Brent oil rose by 2.9% to $113.45 a barrel and WTI crude surged by 3.4% to $107.82 a barrel.
read more... 31/03/2022
EU countries bet on floating LNG terminals to raise import capacity
The war in Ukraine has focused attention on liquefied gas (LNG) to replace Russian supplies coming via pipeline. Germany, France and Italy are all planning to rent or acquire special floating terminals in order to increase import capacity.
read more... 31/03/2022
Daily (30.03.2022): British gas prices moved upwards on Tuesday amid fears of a Russian shutdown of gas supply to the EU
Oil prices retreated on Tuesday as talks between Russia and Ukraine to end their weeks-long conflict progressed, though Moscow negotiators said a promise to scale back some military operations did not constitute a ceasefire. New lockdowns in China put additional pressure on oil prices. Hence, Brent crude declined by 2%, to settle at $110.23 a barrel. US WTI crude decreased by 1.6%, to close at $104.24 a barrel.
read more... 30/03/2022
EU ready to increase energy efficiency target to eliminate Russian gas
The European Commission is revising the economic assumptions behind its energy and climate laws package presented last year, saying sky-high gas prices fuelled by the war in Ukraine have strengthened the case for more ambitious energy efficiency goals.
read more... 29/03/2022