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EU in 'strong position' to keep gas supply, prices stable this winter
The EU is in a "strong position" to keep gas supplies and prices stable this winter, with gas storage sites more than 95% full, EU energy commissioner Kadri Simson said Oct. 31.
read more... 01/11/2024
Daily (31.10.2024): Oil prices rose by 2% on strong U.S. demand expectations and OPEC's potential response
Oil prices increased gained over 2% on Wednesday, bolstered by sustained U.S. demand and speculation that OPEC may take action to stabilize the market. Brent crude closed at $72.55 per barrel, while WTI crude settled at $68.61 per barrel.
read more... 31/10/2024
UK increases windfall tax on North Sea oil producers
The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday.
read more... 31/10/2024
The West Needs Incentives to Cut Russian Nuclear Fuel Dependence
The Western countries will need additional incentives and sanctions on Russia to reduce their dependence on the Russian supply of nuclear fuel, according to French company Orano, one of the top Western suppliers of enriched uranium.
read more... 31/10/2024
EU slaps tariffs on Chinese EVs, risking Beijing backlash
The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.
read more... 31/10/2024