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EU wants ‘new transactions-based LNG benchmark’ in bid to calm prices
The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
read more... 03/10/2022
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APPEC Russian oil diversion post-EU sanctions to raise shipping hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
read more... 27/09/2022
Daily (19.09.2022): EUA prices sharply increased, breaking a three-week losing run
A leak at an Iraqi terminal in Basra appeared to be limiting the flows of oil, which led to a slight increase in oil prices on Friday. Prices, however, declined on a weekly basis due to worries that major interest rate hikes will impede the growth of the world economy and the need for fuel. Thus, Brent crude settled 0.6% higher at $91.35 a barrel. At the same time, WTI crude was flat at $85.11.
read more... 19/09/2022
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Nordic TSOs urge Norway to drop export restrictions
TSOs in Denmark, Sweden and Finland on Thursday called on Norway to drop plans to impose limits on power flows out of the country amid the ongoing wider energy crisis in Europe.
read more... 22/08/2022
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EU gas storage goal likely in winter “tightrope walk”
Europe could achieve its gas storage goal of 80% of capacity before November but faces a “tightrope walk” this winter amid curbed flows from Russia, said a research fellow at the Oxford Institute of Energy Studies.
read more... 11/08/2022