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(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
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Germany to require states to allocate land for wind farms
Germany's cabinet on Wednesday approved plans to require its 16 states to allocate a minimum amount of land to onshore wind farms, according to a ministry statement, as Berlin strives to meet its renewable energy targets.
read more... 16/06/2022
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OPEC Considers Suspending Russia From Oil Deal
Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street Journal reported on Tuesday, citing OPEC delegates.
read more... 02/06/2022
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New gas pipeline boosts Europe's bid to ease Russian supply
Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it's where the European Union is redrawing the region's energy map to ease its heavy reliance on Russian natural gas.
read more... 02/05/2022
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Greece mulls intervention in power prices as energy crisis deepens
Greece is considering measures to curb soaring electricity prices and mitigate the impact on consumers if the European Union does not take action on the issue soon, Greek government spokesman Giannis Oikonomou said on Monday.
read more... 19/04/2022