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Italy urges EU to start work now on joint gas storage plan
Italy has urged the European Union to start work immediately on a plan to create a joint storage system for strategic gas reserves, Prime Minister Mario Draghi said on Friday.
read more... 25/10/2021
Daily (08.10.2021): Oil prices increased by 1.1% on Thursday, after the US commented that it will not start dipping into strategic crude reserves
Oil prices rose on Thursday, following an update from the US Department of Energy indicating that the United States would not "immediately" dip into the country's strategic reserves to cope with the increase the price of black gold. Brent oil and WTI crude both gained 1.1% to settle at $81.95 a barrel and $78.30 a barrel, respectively.
read more... 08/10/2021
Spain wants EU ‘menu’ of measures to combat power price surges
Spain urged the European Commission on Monday (20 September) to devise guidance to help member states react consistently to power price spikes without testing the rules of the bloc, and suggested moves to limit carbon market speculators and build up gas reserves.
read more... 22/09/2021
Daily (16.09.2021): A fire at a UK-France power link led to massive gains for most of the European energy markets on Wednesday
Oil prices were bullish on Wednesday, lifted by a significant drop in US crude reserves, coupled with upwardly revised forecasts for demand from the International Energy Agency. As such, Brent oil climbed by 2.5% to $75.46 a barrel and WTI crude rose by 3.1% to $72.61 a barrel.
read more... 16/09/2021
Daily (10.09.2021): Gas markets extended record highs on Thursday, due to persisting supply concerns ahead of winter season
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021