Higher-than-expected growth in U.S. stockpiles weighed on the oil prices on Wednesday. Moreover, concerns over an increase in COVID-19 cases in top importer China might have an impact on demand. Thus, the Brent crude contract ended 2.8% lower at $92.65 a barrel. WTI crude traded 3.5% down at $85.83 per barrel.
read more... 10/11/2022
The European Union's executive body told its 27 member countries at a seminar on Monday that it was not possible to create a gas price cap that would not affect long-term contracts or supply security, two diplomatic sources told Reuters.
read more... 10/11/2022
After five straight days of gains, crude oil prices fell as weak economic data fueled concerns about a worldwide recession and reduced demand for fuel. Thus, Brent crude decreased by 1.8% to settle at $96.19 a barrel. Meanwhile, U.S. WTI crude ended 1.6% lower at $91.13 a barrel.
read more... 11/10/2022
The Dutch government expects to spend about 23.5 billion euros ($23.3 billion) on a price cap on energy contracts to shield consumers from surging prices, it said on Tuesday.
read more... 05/10/2022
Some contractors helping French power giant EDF to inspect and repair its corrosion-hit nuclear reactors are planning to relax their rules on radiation exposure limits so that their workers can spend more time on the job, EDF told Reuters.
read more... 19/09/2022