The European Union has agreed to extend a price cap set on natural gas used for power generation in Spain and Portugal until December 31, a spokesperson for the Spanish Energy Ministry said on Tuesday.
read more... 28/03/2023
In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023
On Thursday, oil prices declined as traders continued to worry about the effects of excessive monetary tightening on the economy rather than the market fundamentals. As a result, Brent crude ended $1.07, or 1.3%, down at $81.99 a barrel.
read more... 10/03/2023
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023
Bulgaria must build four new nuclear reactors to guarantee power generation capabilities once the two operational reactors at its sole nuclear power plant in Kozloduy are decommissioned, the caretaker government said.
read more... 19/01/2023