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EU fails to agree on Russian oil price cap
European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed by the G7 to cut Moscow's ability to finance its invasion of Ukraine, diplomats said.
read more... 29/11/2022
Daily (28.11.2022): Oil prices fell by 2% on Friday due to concerns over weaker demand and a potential cap on Russian crude oil prices
Crude oil prices fell on Friday due to increased concerns about weaker demand and uncertainty over a potential cap by Western nations on Russian crude oil prices. Thus, Brent crude plummeted by 2% to settle at $83.63 a barrel. WTI crude lost 2.3% to close at $76.28 a barrel.
read more... 28/11/2022
European Commission approves $394m funding for 168 green projects
The European Commission (EC) has granted more than $394m in funding for 168 climate action ‘green deal’ across Europe.
read more... 28/11/2022
Italy applies 50% windfall tax on energy companies' extra income
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
read more... 28/11/2022
Ukraine wants lower cap on Russian oil, at $30-$40 per barrel
The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, Ukrainian President Volodymyr Zelenskiy said on Saturday.
read more... 28/11/2022