In reaction to the Russian invasion of Ukraine, there is growing support across the European Parliament to increase the EU’s 2030 renewable energy target and break away from Russian fossil fuels, lawmakers from across the political spectrum told EURACTIV.
read more... 16/03/2022
The Netherlands on Monday (14 March) said output from the Groningen gas field would be only a last option to secure its energy needs in the wake of Russia’s invasion of Ukraine, as it cut its production forecast for the facility this year.
read more... 16/03/2022
European governments were free to tax the unexpected gains of those who profited from a surge in commodity prices from Russia’s war on Ukraine, European Commission president Ursula von der Leyen said on Friday.
read more... 15/03/2022
Crude oil prices fell sharply on Monday to hit their lowest levels in two weeks amid ongoing negotiations between Russia and Ukraine, as well as pandemic-linked travel ban in China. Hence, Brent crude dropped by 5% to settle at $106.90 a barrel. U.S. WTI crude shed by 5.8% to close at $103.01 a barrel.
read more... 15/03/2022
Crude oil prices strengthened on Friday, as brokers secured positions in a market still buoyed by fears of global supply disruptions due to the war between Russia and Ukraine. As a result, Brent oil and WTI crude both soared by 3.1% to $112.67 a barrel and $109.33 a barrel, respectively.
read more... 14/03/2022