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Daily (17.03.2022): Oil prices lost around 1.5% on Wednesday, following news that ceasefire talks between Russia and Ukraine might be reaching a compromise
Crude oil prices continued to fall on Wednesday, weighed by concerns of a slowdown in demand for black gold and optimism regarding ceasefire talks between Russia and Ukraine. As a result, Brent oil lost 1.9% at $98.02 a barrel and WTI crude decreased by 1.5% to $95.04 a barrel.
read more... 17/03/2022
EU to subsidise household fuel prices surging amid Ukraine crisis
EU finance ministers agreed on Tuesday (15 March) to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of Russia’s invasion of Ukraine, French Finance Minister Bruno Le Maire said.
read more... 17/03/2022
Widespread support in EU Parliament for 45% renewable energy target
In reaction to the Russian invasion of Ukraine, there is growing support across the European Parliament to increase the EU’s 2030 renewable energy target and break away from Russian fossil fuels, lawmakers from across the political spectrum told EURACTIV.
read more... 16/03/2022
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Dutch limit gas production at Groningen despite energy crisis
The Netherlands on Monday (14 March) said output from the Groningen gas field would be only a last option to secure its energy needs in the wake of Russia’s invasion of Ukraine, as it cut its production forecast for the facility this year.
read more... 16/03/2022
EC clears taxes on “windfall profits” to curb energy spike
European governments were free to tax the unexpected gains of those who profited from a surge in commodity prices from Russia’s war on Ukraine, European Commission president Ursula von der Leyen said on Friday.
read more... 15/03/2022