Latest news
Daily (05.08.2022): Oil prices continued to fell on Thursday on economic recession fears
In response to the Bank of England's warning of a protracted recession and ahead of today's highly anticipated employment report in the US, crude oil fell on Thursday. As such Brent crude dropped by 2.8% to $94.12 a barrel, while WTI crude ended 2.3% lower at $88.54.
read more... 05/08/2022
Daily (28.07.2022): Crude oil prices surged on Wednesday due to reports of lower US stocks
Crude oil prices surged on Wednesday following reports of lower US stocks and a reduction in Russian gas exports to Europe, which counterbalanced worries about weakening demand and higher interest rates in US. As such, WTI crude rose by 2.4% to settle at $97.26 per barrel, Brent crude ended 2.1% up at $106.62 a barrel.
read more... 28/07/2022
.jpg)
RWE to rethink UK investments if it proceeds with tax on power firms
German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.
read more... 28/06/2022
.jpg)
Germany to provide 15 billion-euro credit line to fill gas storage
Germany will provide an additional 15 billion euros ($15.8 billion) in credit lines for the purchase of gas to replenish storage facilities, news agency dpa reported on Sunday, citing a paper by the Economy Ministry.
read more... 21/06/2022
UK Considers Decoupling Power From Gas Prices In Biggest Reform In Decades
The UK government is considering ending the pricing system of British power prices, which are now linked with natural gas prices, in a bid to reduce energy bills for millions of households, The Times reported on Monday, quoting government sources.
read more... 15/06/2022