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Daily (12.02.2025): Oil prices increased on Tuesday amid Russian and Iranian oil supply disruptions
Oil prices increased on Tuesday driven by U.S. sanctions on tankers, producers, and insurers, which have disrupted Russian oil shipments to key importers China and India. Additionally, U.S. sanctions on networks transporting Iranian oil to China, along with concerns about potential renewed conflict in the oil-rich Middle East, provided further support to crude prices.
read more... 12/02/2025
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Grid starts to connect biggest battery factory
National Grid has started work to connect the UK’s biggest ever battery facility.
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Germany's gas trading hub to hold talks on how to boost storage levels
Germany's gas trading hub plans to hold talks with traders at an energy industry event in Essen later on Tuesday to seek ways to boost flagging gas reserves, it said.
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Ukraine passes law to acquire Russian nuclear reactors from Bulgaria
Ukraine’s parliament has passed a law enabling the state nuclear power operator to acquire two Russian-made nuclear reactors from Bulgaria.
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European power spot prices increased on Monday, driven by reduced green energy output
Oil prices increased on Monday, driven by concerns over disruptions to Russian and Iranian oil supplies. However, the gains were capped by fears that escalating trade tariffs could harm global economic growth. The potential for a trade war, especially between major economies like the U.S. and China, raised worries that it could reduce oil demand as a result of slower global economic activity.
read more... 11/02/2025