Italian energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country.
read more... 30/01/2023
Strong U.S. economic data and the assumption that the reopening of the Chinese economy would boost demand led to an uptick in oil prices on Thursday. As a result, Brent crude oil ended approximately 2% higher at $87.47 a barrel. U.S. WTI crude finished at 81.01 USD/bbl, rising by 1% day-on-day.
read more... 27/01/2023
The government has introduced a new cap on natural gas prices in district heating systems for users such as schools and community health centres in what is yet another in a long series of price caps that have become the government’s go-to tool to fight high energy prices.
read more... 27/01/2023
Slovenia plans to pour €3.5 billion into its power distribution system over the next 10 years to make it withstand the increased demand for electricity it expects will come with the green transition.
read more... 24/01/2023
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023