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Daily (12.04.2022): Brent crude fell below $100 a barrel on Monday amid Covid outbreak in China
Crude oil prices fell on Monday, with Brent slipping below $100 a barrel as the Covid outbreak reached record levels in China, raising concerns about oil demand. Hence, Brent crude dropped by $4.30, or 4.2%, to settle at $98.48 a barrel, its lowest close since March 16. WTI crude fell by $3.97, or 4.0%, to settle at $94.29 a barrel.
read more... 12/04/2022
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UK focuses on new nuclear, offshore wind, clean hydrogen to boost energy security
The UK government wants 25% of electricity demand in 2050 to be met by up to 24 GW of nuclear generation capacity, up from 9 GW currently, it said in an Energy Security Strategy announcement late April 6.
read more... 08/04/2022
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Putin tells Europe: Pay in roubles or we’ll cut off your gas
Russian President Vladimir Putin has demanded foreign buyers pay for Russian gas in roubles from Friday (1 April) or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”.
read more... 04/04/2022
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Germany declares ‘early warning’ on gas supplies
Following Russia’s demand to be paid for energy and fuel in roubles, Germany has declared an “early warning” of a possible gas supply emergency.
read more... 31/03/2022
Daily (29.03.2022): Oil prices dropped by 7% on Monday amid lockdown in China
Crude oil prices dropped sharply on Monday after China, the second-largest oil consumer and largest importer began a Covid-19 lockdown in financial and manufacturing hub Shanghai, raising fears of demand destruction. Hence, Brent crude fell by $8.17, or 6.8%, to settle at $112.48 a barrel. U.S. WTI crude slumped by $7.94, or about 7%, to settle at $105.96 a barrel.
read more... 29/03/2022