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G7 to be ready with details of Russian crude price cap by Dec 5
G7 countries will be ready with all the operational details of a price cap on Russian seaborne crude oil by Dec. 5, when the measure is to kick in, even though many details now remain to be settled, a senior U.S. official said on Friday.
read more... 08/11/2022
Daily (07.11.2022): Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil
Oil prices increased on Friday, impacted by a potential European Union ban on Russian oil and the possibility of China loosening some COVID restrictions. As such, Brent crude settled 4.1% higher at $98.57 a barrel, while WTI crude soared by 5% to $92.61 per barrel.
read more... 07/11/2022
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Dutch regulator probes possible TTF hub manipulation
The Dutch financial market regulator AFM is investigating possible manipulation of trades in the European benchmark TTF gas hub, a spokesman told Montel on Friday.
read more... 07/11/2022
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EDF cuts 2022 nuclear output target by 5%
EDF has cut its 2022 nuclear output target by 5% to 275-285 TWh due to the impact of strikes and corrosion on reactor availability, it said late on Thursday.
read more... 07/11/2022
German gas subsidy plan may raise prices
German plans to subsidise households’ gas bills from next year risk impairing competition between suppliers and ultimately raising prices, the Leibniz Centre for European Economic Research (ZEW) said on Friday.
read more... 07/11/2022