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EU must prepare for full Russian gas cut – von der Leyen
The EU must prepare for more disruptions in Russian gas supply, including a complete cut-off, European Commission President Ursula von der Leyen said on Wednesday.
read more... 07/07/2022
Daily (05.07.2022): British gas prices continued their uptrend on Monday amid reduced flows from Norway
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022
Brent oil stalls as market weighs supply disruption, recession fear
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
read more... 05/07/2022
(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
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France “blocks” 7 GW of renewables despite supply fears
France is blocking the connection of 7 GW of renewables to its grid for political reasons amid public opposition to wind power despite a looming winter supply crunch, analysts and industry lobbies said this week.
read more... 01/07/2022