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Daily (14.06.2023): Gas prices soared on Tuesday as Nyhamna's gas outage was extended by more than three weeks
Crude oil prices gained ground on Tuesday on the back of lower-than-expected US inflation figures, which raised hopes of a pause in the Federal Reserve's interest rate hike. In addition, speculation about further Chinese economic recovery lent support. Hence, Brent crude increased by 3.4% to settle at $74.29 a barrel. At the same time, WTI crude traded 3.4% higher at $69.42 a barrel.
read more... 14/06/2023
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The EU Could Ban Imports Of Russian Natural Gas By Pipeline
The European Union could move to ban imports of Russia’s pipeline gas by the end of this year if it puts preliminary measures in place, Walter Boltz, energy advisor to the Austrian government, has told Independent Commodity Intelligence Services (ICIS).
read more... 14/06/2023
Germany, Italy support new hydrogen-ready pipeline project
German Chancellor Olaf Scholz said on Thursday he is pleased that Italy and Germany have agreed to push ahead with work on the construction of a pipeline to transport gas and hydrogen between the two countries.
read more... 12/06/2023
EU plans strategy to scale up investment in capturing CO2 emissions
The European Commission is working on plans to speed up investment in capturing and storing carbon dioxide emissions, it said on Friday, as the bloc prepares to slash its net greenhouse gas emissions to zero by 2050.
read more... 12/06/2023
Britain to introduce price floor to energy sector windfall tax
The British government is set to announce on Friday changes to its windfall tax on oil and gas companies aimed at allaying concerns the levy would impede investments and undermine the country's energy security, industry sources said.
read more... 09/06/2023