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Daily (23.08.2022): Gas and power prices are going crazy!

Crude oil prices dropped to end the day almost flat on Monday despite OPEC's warning that it could need to tighten production. The prospect of a nuclear agreement that would allow Iran's oil to be sold again after sanctions dampened the settlement. As such, Brent crude lost 0.3% to settle at $96.48 a barrel, while WTI decreased by 0.5% to $90.77.

read more... 23/08/2022

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Germany to slash tax on household energy bills

German households are set to see lower energy bills this winter.

read more... 23/08/2022

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TotalEnergies, Eni announce major Cyprus gas find

TotalEnergies of France and Italy's Eni on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.

read more... 23/08/2022

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Bulgaria says talks to resume Russian gas supplies are 'inevitable'

Bulgaria's interim energy minister said it was "inevitable" that the Balkan country would discuss resuming gas deliveries with Russia's Gazprom that were halted in April, after the government promised to secure adequate supplies for the winter.

read more... 23/08/2022

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Daily (22.08.2022): EUAs reached a new record high on Friday, extending gains for the ninth consecutive session

Oil prices declined for the week but were flat on Friday due to a stronger dollar and worries that a slowing economy would limit demand. Thus, the price of Brent crude oil ended up at $96.72 a barrel. At the same time, WTI crude decreased slightly by 0.3% to $90.77.

read more... 22/08/2022

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