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EU edges towards gas price cap with more emergency talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday left it unclear when Brussels would make a firm proposal on the measure.
read more... 26/10/2022
Daily (25.10.2022): British near-term gas prices plummeted on Monday due to milder weather and oversupply
Oil prices fell slightly in a choppy trade on Monday as data revealed China's demand remained sluggish in September and the US currency strengthened. However, poor US business activity data reduced expectations for more aggressive interest rate hikes, limiting losses. As a result, Brent crude decreased by merely 0.3% to end at $93.26 per barrel. At the same time, WTI crude edged 0.6% lower at $84.58 per barrel.
read more... 25/10/2022
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Danish offshore wind power developers plan major capacity increase
Denmark's Orsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday.
read more... 25/10/2022
Gas supply for 2023 remains at risk
Europe has successfully refilled its gas storage facilities to almost full capacity ahead of winter but the outlook for next year remained precarious, the head of European gas at Energy Aspects said on Monday.
read more... 25/10/2022
Slovak government plans energy price cap, tying it to tough budget vote
Slovakia will cap energy prices for companies in the first quarter of the next year to ease the impact of soaring bills, Prime Minister Eduard Heger said on Monday as he aims to shore up the minority government's chances of pushing through a 2023 budget.
read more... 25/10/2022