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Europe's Gas Storage Hits Record High But Winter Worries Persist
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years.
read more... 06/11/2023
EU countries behind schedule on 2030 energy efficiency goals
Only 16 EU countries have met a June deadline to submit updated National Energy and Climate Plans to the European Commission for the period running up to 2030 – and none of them are fully compliant with the EU’s latest energy efficiency goals, according to a new report.
read more... 31/10/2023
Daily (24.10.2023): Oil prices decreased by over 2% on Monday, in response to reports of US diplomatic efforts to reduce tensions in the Middle East
Crude oil prices moved downwards yesterday, as the markets were optimistic that diplomatic efforts could defuse the conflict in the Middle East. Furthermore, persistent global issues, such as elevated debt levels and instability in the property sector, exerted additional pressure on prices. As a result, Brent crude declined by 2.5% to end at $89.83 a barrel. Meanwhile, U.S. WTI crude traded 2.9% lower at $85.49 a barrel.
read more... 24/10/2023
EU considers gas price cap extension to avert winter crisis
The European Union is considering extending an emergency gas price cap introduced in February, amid fears the conflict in the Middle East and sabotage of a Baltic pipeline could push prices up again this winter, the Financial Times reported on Sunday.
read more... 23/10/2023
Daily (12.10.2023): European spot electricity prices surged on Wednesday amid falling wind output and potential strikes by power workers in France
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023