Norway's government said on Wednesday it would consider taxing electricity exports and impose other changes to its energy market to preserve more power for domestic use and keep a lid on prices.
read more... 16/02/2023
Crude oil prices were little changed on Monday as traders waited for further details of Russia's planned production cut. Hence, Brent crude rose by 0.3% to settle at $86.61 a barrel. Meanwhile, U.S. WTI crude added 0.5%, to close at $80.14 per barrel.
read more... 14/02/2023
The Norwegian government will introduce stricter energy-saving measures for power producers in circumstances when hydropower reservoir levels are anticipated to be low, with the possibility of reducing power exports during periods of shortages.
read more... 30/01/2023
Crude oil prices continued to decline on Thursday, weighed by concerns that China’s demand will remain sluggish as the world’s biggest crude importer struggles with soaring Covid infections at a time of easing coronavirus restrictions. Hence, Brent crude fell by 1.2%, to settle at $82.26 a barrel. U.S. West Texas Intermediate crude settled at $78.40 per barrel, down by 0.7%.
read more... 30/12/2022
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap.
read more... 28/12/2022