The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
read more... 03/10/2022
U.S. Federal Reserve's warnings about imminent economic hardship and Saudi Arabia's signals that OPEC will restrict output supported oil prices. As a result, Brent crude oil increased by 1.7% to reach $100.99 a barrel in a volatile trading on Friday, while WTI rose by 0.6% to reach $93.06 a barrel.
read more... 29/08/2022
French available nuclear capacity will dive 6-8 GW year on year this winter to a record low, meaning supply was “definitely at risk” should there be a particularly cold spell, said Montel’s Energy Quantified (EQ).
read more... 25/08/2022
Oil prices declined for the week but were flat on Friday due to a stronger dollar and worries that a slowing economy would limit demand. Thus, the price of Brent crude oil ended up at $96.72 a barrel. At the same time, WTI crude decreased slightly by 0.3% to $90.77.
read more... 22/08/2022
Britain is considering plans to subsidise power bills for energy intensive industries such as steel and cement, in an effort to support hundreds of businesses facing record high energy prices.
read more... 15/08/2022