Latest news
Daily (01.12.2021): Oil prices tumbled to their lowest levels since end of August amid Omicron fears
Crude oil prices tumbled on Tuesday following comments by Moderna's CEO Stephane Bancel that current COVID-19 vaccinations are unlikely to be as effective against the Omicron version. Hence, Brent crude for January sank by 3.9% to settle at $70.57 a barrel. U.S. WTI crude futures ended 5.4%, lower at $66.18 a barrel. Both contracts hit their lowest levels since August 23.
read more... 01/12/2021
Spain and Portugal register highest electricity price in Europe
Electricity in Spain has surpassed 200 euros / MWh for thirteen consecutive days
read more... 01/12/2021
EU launches €2 billion industrial partnership on clean hydrogen
As the EU launched its €2 billion partnership with industry to accelerate research and development in green hydrogen, the head of International Energy Agency (IEA) warned an early start may not work in Europe’s favour.
read more... 01/12/2021
.jpg)
Italy Minister Warns of European Blackouts Amid Rising Prices
Italy’s economic development minister warned of the risk of blackouts across Europe as Prime Minister Mario Draghi reaffirmed the government’s readiness to counter the effect of rising energy prices on consumers.
read more... 01/12/2021
.png)
Daily (30.11.2021): Oil prices rebounded on Monday as Omicron fears receded
Crude oil prices rebounded on Monday, recouping some of Friday’s heavy losses as market participants turned their focus to the upcoming meeting among OPEC and Russia-led partners, offsetting Omicron worries. Hence, Brent crude increased by 1% to $73.44 a barrel. U.S. WTI crude soared by 2.6% to end at $69.95 a barrel.
read more... 30/11/2021