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EU assessing various types of gas price cap
The European Commission is considering versions of a gas price cap including one targeting gas used in power generation and a temporary "flexible" limit on prices, the EU's head of energy policy said on Tuesday.
read more... 05/10/2022
Oil prices continue rise as Opec meeting looms
Oil prices continued their rise from gains seen in the prior session on Tuesday as expectations grew of a large cut to Opec production, with the cartel due to meet tomorrow.
read more... 04/10/2022
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Hungary aims to eliminate reliance on Russian gas by 2050 - minister
Hungary, one of the European Union's most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale electrification drive, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 04/10/2022
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Gazprom gas exports to Europe slump 40% in Jan- Sep
Gazprom’s gas exports to Europe plunged 40.4% in the first nine months of the year, the Russian energy giant said on Monday.
read more... 04/10/2022
Daily (04.10.2022): Oil prices increased on Monday as OPEC discussed cutting production
Oil prices increased on Monday as OPEC+ discussed cutting production by more than 1 million barrels per day (bpd) to support prices. If implemented, this would be the group's largest drop since the COVID-19 pandemic's beginning. Thus, Brent crude settled 1% higher at $88.86 a barrel on Monday. WTI crude rose by 5.2% to $83.63 per barrel.
read more... 04/10/2022