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Germany slashes VAT on natural gas to 7% to offset impact of new levy
Germany has cut the rate of value added tax (VAT) imposed on natural gas to just 7% in a bid to offset the impact of a new gas levy on consumers set to come into effect from October.
read more... 19/08/2022
(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
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Daily (14.06.2022): German front-year power contract fell to a three-week low on Monday on weaker coal, carbon prices
Oil prices increased slightly in a choppy session on Monday as tight global supplies offset concerns that demand would be stifled by a resurgence of COVID-19 cases in Beijing and more interest rate hikes. Hence, Brent crude rose by 0.2% to settle at $122.27 a barrel. U.S. WTI crude added 0.2% to settle at $120.93 a barrel.
read more... 14/06/2022
Daily (06.04.2022): European front-year electricity prices increased over 1% on Tuesday amid fears of new sanctions on Russian energy
Oil prices decreased on Tuesday as reports about a new round of sanctions against Russia for its alleged war crimes in Ukraine were offset by the extended lockdown in Shanghai. Hence, Brent crude declined by 89 cents, or 0.8%, to settle at $106.64 a barrel. U.S. WTI crude fell by $1.32, or 1.3% to settle at $101.96 a barrel.
read more... 06/04/2022
Daily (24.02.2022): European carbon prices jumped by nearly 6% on Wednesday, due to bullish energy markets and tensions at Ukraine border
Oil prices stagnated on Wednesday, as fears of losing Russian crude supply were offset by prospects of returning Iranian oil to the market. Hence, Brent oil closed unchanged at $96.84 a barrel. WTI crude, however, edged slightly higher at $92.10 a barrel.
read more... 24/02/2022