European Union energy ministers locked horns on Thusday over a proposed gas price cap at 275 euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption.
read more... 25/11/2022
France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.
read more... 24/11/2022
Crude oil prices closed fractionally lower on Monday in a volatile trading session, after Saudi Arabia “categorically” denied a report that Opec was considering an increase in output that would help to counteract a loss of Russian crude supplies. Hence, Brent crude slipped by 0.2% to settle at $87.45 a barrel. U.S. WTI crude ended the day rather flat $80.04 a barrel.
read more... 22/11/2022
Oil prices dropped on Wednesday as a result of the commencement of Russian oil supplies via the Druzhba pipeline to Hungary and an increase in COVID-19 cases in China. As a result, Brent crude settled at $92.86 a barrel, down 1%. WTI crude decreased by 1.5% to $85.59 per barrel.
read more... 17/11/2022
The Czech Republic and Germany are close to reaching an agreement on sharing gas in times of emergency, Czech Industry Minister Jozef Sikela said on Monday, as the countries seek to bolster energy security amid dwindling supplies of Russian gas.
read more... 18/10/2022