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European gas liberalization cut import costs by $70 bil in last decade
Liberalization of the European wholesale market for natural gas has yielded a $70 billion saving in importation costs over the last decade, a report published by the International Energy Agency has said.
read more... 27/10/2021
Daily (26.10.2021): British gas prices moved higher on Monday amid cold weather forecasts, bullish fuel markets
Oil prices steadied on Monday in absence of any significant event on the market, with the market remaining focused on the tight global supply. Hence, Brent crude rose by 0.5% to settle at $85.99 a barrel. U.S. WTI crude remained unchanged at $83.76 a barrel.
read more... 26/10/2021
Nine EU member states reject need for energy market reform or climate rethink
Nine EU member states have rejected suggestions from France and Spain that Europe's wholesale energy markets need reform in response to the current energy price crisis, they said in a joint letter ahead of an emergency meeting of EU energy ministers to be held Oct. 26.
read more... 26/10/2021
The European cities turning to geothermal
A growing number of cities in Europe are betting on geothermal to provide households with clean heating, but the little-known renewable energy source will need more attention from Brussels in order to scale up.
read more... 26/10/2021
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Repsol brings Norway's Yme oil field back on stream after 20 years
Spanish energy firm Repsol started oil production at Norway’s Yme field on Monday, the company said in a statement, applying new technology to bring the North Sea petroleum reservoir back on stream 20 years after it was first abandoned.
read more... 26/10/2021