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Oil prices climbed on Wednesday following a weekly drop in US crude stocks
Oil prices climbed on Wednesday, following a weekly drop in US crude stocks and a rise in demand from the nation with the highest oil consumption. Consequently, Brent crude increased by 2.6% to $92.41 a barrel, and WTI oil rose by 3.3% to $85.55 a barrel.
read more... 20/10/2022
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Belgian government to switch off lights, tax energy profits to cut bills
Belgium announced a series of measures to tackle soaring energy prices on Wednesday, including cuts to public buildings' power consumption and a proposal to tax the excess profits of energy companies such as Engie and TotalEnergies.
read more... 02/09/2022
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Berlin wants to reduce gas use by 2% with new regulations
New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday.
read more... 16/08/2022
Daily (16.08.2022): Brent crude dropped towards $95 a barrel on Monday amid concerns about global economic slowdown
Oil prices fell on Monday as poor Chinese economic data fuelled fears of a worldwide recession, which would reduce fuel consumption. Hence, Brent crude settled down $3.05, or 3.1%, to $95.10 a barrel. U.S. WTI crude dropped by $2.68, or 2.9%, to close at $89.41 a barrel.
read more... 16/08/2022
Daily (11.08.2022): European power prices increased on Wednesday amid higher gas and coal prices
As investors hurried to riskier assets in response to lower-than-expected U.S. inflation statistics and promising news on U.S. gasoline consumption, oil prices gained ground on Wednesday, recovering from losses early in the day. Thus, Brent crude oil price settled 1.1% higher at $97.40, WTI crude rose by 1.6% to settle at $91.93 a barrel.
read more... 11/08/2022