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Nordic region could be power importer by 2025
The Nordic region’s shrinking power surplus means it could switch from being a net exporter to a net importer between 2025-2027 in certain weather conditions, said Swedish TSO Svenska Kraftnat (SvK).
read more... 22/12/2022
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Gazprom rejects Uniper's claims for billions in compensation over undelivered gas
The export arm of Russia's Gazprom (GAZP.MM) on Wednesday denied it was in breach of contract regarding gas supplies to Germany's Uniper (UN01.DE) , after Uniper launched arbitration proceedings in a bid to claim back billions of extra costs over undelivered gas supplies.
read more... 01/12/2022
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Europe wary of Turkish hub to hide gas 'made in Moscow'
President Vladimir Putin's plan to make Turkey a hub for Russian gas in theory could allow Moscow to mask its exports with fuel from other sources, but that might not be enough to persuade Europeans to buy, analysts and sources said.
read more... 01/12/2022
Daily (24.11.2022): Cold weather and threats that Russia could cut gas exports contributed to the rise in gas prices on Wednesday
Oil prices were bearish on Wednesday, as EU members continued to discuss a price cap on Russian oil. Consequently, Brent crude traded 3.3% lower at $85.41 a barrel, and WTI oil fell by 3.7% to $77.94 a barrel.
read more... 24/11/2022
Daily (28.10.2022): Oil prices extended gains amid increasing US crude exports and rising global demand.
Oil prices surged on Thursday, boosted by increasing US crude exports and rising global demand. Consequently, Brent crude ended at $96.96 a barrel, and WTI oil rose by 1.3% to $89.08 a barrel.
read more... 28/10/2022