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Daily (21.02.2022): British gas prices were bearish on Friday, on forecasts for milder weather and higher renewables output
Crude oil prices were mixed on Friday, as escalating tensions in the Russia-Ukraine crisis were offset by prospects of returning Iranian crude supply, as talks moved forward on a nuclear deal. As such, Brent oil rose by 0.6% to $93.54 a barrel. At the same time, WTI crude fell by 0.8% to $91.07 a barrel.
read more... 21/02/2022
Daily (13.01.2021): Gas prices were bearish on Wednesday, as ample LNG supply offset winter storage concerns
Crude oil prices continued to strengthen on Wednesday, on the back of a sharp drop in US crude reserves, to the point of approaching multi-year records set last October. Hence, Brent oil gained 1.1% at $84.67 a barrel and WTI crude rose by 1.8% to $82.64 a barrel.
read more... 13/01/2022
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European wind power set for record Q4 as stormy year-end offsets pre-Christmas lull
Wind power generation across Europe was set for a record fourth quarter with a stormy end to 2021 helping to offset a lull before Christmas, with Week 51 wind output at a six-week low, TSO data analyzed by S&P Global Platts showed Dec. 29.
read more... 30/12/2021
Bulgaria to spend over $867 mln to offset high energy costs
Bulgaria's government approved on Wednesday a four-month scheme to provide more than 1.5 billion levs ($867 million) to help businesses cope with soaring energy prices during the winter months, Prime Minister Kiril Petkov said on Wednesday.
read more... 23/12/2021
Bulgaria seeks EU nod to halve energy tax to 10% until April
Bulgaria will seek EU approval to halve value-added tax on electricity and gas to 10% in the first four months of 2022 to offset a surge in energy costs for businesses and households, officials said.
read more... 10/12/2021