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Daily (27.07.2022): NBP gas prices rose significantly as a result of the EU's decision to reduce gas demand by 15%
Oil prices decreased on Tuesday as investors worried about dwindling consumer confidence and prepared for the release of an additional 20 million barrels of crude oil from the US Strategic Petroleum Reserve. As such, WTI crude diminished by 1.8% to settle at $94.98 per barrel. At the same time, Brent crude ended 0.7% down at $104.40 a barrel.
read more... 27/07/2022
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EU backs €406.4m Dutch scheme to support filling of gas storage facility
The European Commission has approved a Dutch scheme, worth up to €406.4 million (£345m), to support the filling of the gas storage facility Bergermeer amid Russia’s invasion of Ukraine.
read more... 27/07/2022
Germany will reduce electric car subsidies as EV sales rise
Germany will reduce financial incentives to buy electric cars next year, as the vehicles' growing popularity makes government subsidies unnecessary.
read more... 27/07/2022
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Czech gas storage hits 80% of capacity ahead of winter season
he Czech Republic's gas stores are 80% full, Prime Minister Petr Fiala said on Monday, as the country and other European Union member states continue to boost storage to protect against risks of a halt to Russian supplies.
read more... 27/07/2022
Daily (26.07.2022): French and German long-term power prices increased amid the rise in gas prices and worries about Russian supply
On Monday, the crude oil prices increased due to concerns about supply, a weaker US currency, and rising stock markets. Brent crude for September delivery ended at $105.15 a barrel, up 1.9%. American WTI crude soared by 2.1% to $96.70 a barrel.
read more... 26/07/2022