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Spain extends gas price cap amid fears of total Russian gas cut-off
Spain will extend a gas price cap to power plants linked to heavy industry amid fears Russia could cut off all gas supply to Europe by land or sea, Spanish Prime Minister Pedro Sanchez said on Tuesday.
read more... 08/09/2022
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G7 Agrees On Oil Price Cap As Moscow Threatens To Halt Gas Supply To Europe
The G7 group of the most industrialized nations agreed on Friday to finalize and implement a price cap on Russian oil, aiming to reduce Vladimir Putin’s oil revenues for his war chest.
read more... 05/09/2022
Daily (02.09.2022): EUAs remained near five-week lows on Thursday due to fears about demand and an increase in supply this month
Oil prices fell on Thursday on worries that rising inflation and interest rate increases are reducing the fuel usage. The trend was exacerbated by more COVID-19 lockdowns measures in China. The price of a barrel of Brent crude oil settled at $92.36, down by 4.3%. WTI crude ended 3.3% lower at $86.61.
read more... 02/09/2022
Daily (31.08.2022): Gas prices fell sharply on Tuesday as storage replenishment improved considerably
Crude oil prices lost ground on Tuesday in a volatile week, as markets continue to fear a global recession and demand is declining. On the other side, Saudi Arabia urges OPEC+ to cut more supply which could support the market later on. Nevertheless, Brent and WTI crude traded 5.5% lower at $99.31 a barrel, and $91.64 respectively.
read more... 31/08/2022
German government sees problems with coal, oil supplies
Germany's government is concerned about possible problems with the coal supply for power plants in the autumn and winter due to low water levels on the river Rhine and the oil supply in eastern parts of the country, a document seen by Reuters said.
read more... 26/08/2022