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UK increases, extends upstream oil and gas windfall tax
The UK is to increase its temporary windfall tax on oil and gas producers by 10 percentage points, the country's finance ministry confirmed today.
read more... 18/11/2022
Daily (18.11.2022): Brent crude fell below $90 a barrel for the first time in six weeks amid sluggish demand
Crude oil prices fell sharply on Thursday, with demand constrained by the growing COVID-19 cases in China and worries about more aggressively raising U.S. interest rates. Brent crude dropped by 3.3% to settle at $89.78 a barrel. U.S. WTI crude tumbled by 4.6%, to settle at $81.64 per barrel.
read more... 18/11/2022
Daily (17.11.2022): Oil prices were bearish on Wednesday after the restart of crude supplies via Druzhba pipeline
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
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EU to propose natural gas price cap after Nov. 24 meeting
The European Commission plans to propose a cap on natural gas prices after Nov. 24, as it seeks to contain an energy crisis stemming from Russia's invasion of Ukraine, the EU's energy policy chief told Reuters on Wednesday.
read more... 17/11/2022
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Poland’s PPA price cap harms green operators
Poland’s plans to cap prices for green generators in power purchase agreement (PPA) deals will seriously hamper their profitability, market participants told Montel.
read more... 17/11/2022