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ICE warns it could relocate gas trading out of EU if bloc caps price
The Intercontinental Exchange has warned it will consider relocating its gas trading hub to outside of the European Union, if Brussels agrees a plan to cap gas prices.
read more... 16/12/2022
Aker BP, partners to invest $20.5 bln in new oil, gas projects
Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday.
read more... 16/12/2022
Daily (15.12.2022): European carbon prices extended losses on Wednesday amid expiring contracts
Crude oil prices rebounded on Wednesday following forecasts from OPEC and the International Energy Agency (IEA) of a rebound in demand over the next year, and as US interest rate hikes are expected to ease further alongside slowing inflation. Brent crude increased by $2.02, or 2.4%, to $82.70 per barrel, while U.S. WTI crude rose by $1.94 to $77.28 a barrel.
read more... 15/12/2022
EU agrees €20 bln boost for energy funding to quit Russian gas
The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.
read more... 15/12/2022
Portugal increases support to help with rising energy bills
The Portuguese government will next year increase the amount of financial aid available to help families and companies cope with rising gas and electricity prices, it said on Wednesday.
read more... 15/12/2022