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Germany slashes VAT on natural gas to 7% to offset impact of new levy
Germany has cut the rate of value added tax (VAT) imposed on natural gas to just 7% in a bid to offset the impact of a new gas levy on consumers set to come into effect from October.
read more... 19/08/2022
Daily (18.08.2022): European carbon market soared to six-month high on Wednesday amid limited auction supply and rallying related markets
Crude oil prices rebounded on Wednesday as concerns over rising Russian output and exports as well as recession fears were outweighed by a steeper-than-expected drawdown in U.S. crude stocks. Hence, Brent crude rose by $1.31, or 1.4%, to settle at $93.65 per barrel. U.S. WTI crude increased by $1.58, or 1.8%, to close at $88.11 per barrel.
read more... 18/08/2022
Czech government to cap housing, energy costs at 30% of income
The Czech government will hand out state aid to ensure people do not spend more than 30% of their income on housing including energy amid soaring gas and electricity prices, Prime Minister Petr Fiala said on Wednesday.
read more... 18/08/2022
Sweden to help consumers facing high electricity costs
Sweden's government on Wednesday vowed to compensate households and companies for soaring electricity costs in the wake of the Ukraine war, to the tune of up to 60 billion kronor ($5.76 billion).
read more... 18/08/2022
Russia sees 38% rise in energy export earnings this year
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022