If reduced Russian gas flows through Nord Stream 1 pipeline to Germany remain at the current level, Germany might not hit its gas storage target by November.
read more... 09/08/2022
Oil prices rose on Friday as attention shifted to the OPEC+ meeting this week and waning hopes that the producing group increasing supply soon. Thus, Brent crude oil price settled 2.7% higher to $110.01, WTI crude rose by 2.3% to $98.62 per barrel.
read more... 01/08/2022
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season.
read more... 28/07/2022
The Netherlands expects to be able to sustain its supply of natural gas to Germany in the coming winter even if Russia cuts off all its supply to Europe, gas transport company GTS said on Thursday.
read more... 15/07/2022
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022