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Daily (10.10.2022): Crude oil prices reached a five-week high on Friday
Crude oil prices rose to a five-week high on Friday after OPEC+ announced supply curbs, easing somehow the fears about an economic slowdown. As such, Brent crude settled 3.7% higher at $97.92 a barrel, while WTI rose by 4.7% to $92.64.
read more... 10/10/2022
British energy supplier Octopus to pay customers to save power this winter
British energy supplier Octopus is launching a scheme to pay customers not to use electricity during times of high power demand to help prevent blackouts this winter, it said on Friday.
read more... 10/10/2022
German gas commission agrees proposals to ease impact of soaring prices
Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said.
read more... 10/10/2022
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Four EU countries float ‘dynamic’ price corridor for gas
Several EU countries proposed limiting volatility in the gas market by introducing a “dynamic price corridor” to prevent prices from going too high or too low while still ensuring Europe can purchase the gas it needs on world markets.
read more... 10/10/2022
Daiy (07.10.2022): British near-term gas soared on Thursday amid ongoing supply concerns
Oil prices had a bullish evolution for a second day in a row, after Opec+ decided to limit production in November. Consequently, Brent crude increased by 1.1% to $94.42 a barrel, and WTI oil rose by 0.7% to $88.45 a barrel.
read more... 07/10/2022