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Daily (16.09.2022): Oil prices declined on Thursday hitting a one-week low
A potential agreement to prevent a rail strike in the United States, forecasts for weaker global demand, and sustained U.S. dollar strength ahead of a possibly significant interest rate increase contributed to Thursday's decline in oil prices, which hit a one-week low. Thus, Brent crude settled 3.5% lower at $90.84 a barrel. WTI crude fell by 3.8% to $85.10.
read more... 16/09/2022
Danish government proposes temporary ceiling on energy bills
Denmark's government on Wednesday proposed a temporary ceiling for consumers' gas, electricity and district heating costs this winter to counter soaring energy prices.
read more... 16/09/2022
Portugal rules out energy windfall tax, cites other mechanisms aiding customers
Portugal is already transferring hundreds of millions of euros of excess profits made by electricity and gas companies from spiralling energy prices to consumers and sees no immediate need for a windfall tax, its finance minister said on Wednesday.
read more... 16/09/2022
EU Parliament backs higher targets on renewables and energy savings
European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe's reliance on Russian gas.
read more... 16/09/2022
Daily (15.09.2022): EUAs increased on Wednesday as Brussels unveiled plans to reform the energy market
Oil prices increased on Wednesday as global energy analysts forecasted a rise in gas-to-oil change due to to high prices this winter despite the weaker demand outlook. Thus, Brent crude settled 1% higher at $94.10 a barrel, while WTI crude rose by 1.3% to end at $88.48.
read more... 15/09/2022