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Daily (03.10.2022): EUAs posted their smallest weekly movement in three months on Friday
The chance that OPEC+ will decide to cut supply of crude oil when it meets on October 5 contributed to a weekly rise in oil prices. Nevertheless, Brent crude fell by 0.6% to $87.96 a barrel on Friday, while WTI crude traded 2.1% lower to close at $79.49, on continued worries about global economic recession and low demand.
read more... 03/10/2022
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EU wants ‘new transactions-based LNG benchmark’ in bid to calm prices
The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
read more... 03/10/2022
Hungary's Orban has 'high hopes' for 2023 energy bill caps
Hungary will probably be able to maintain a partial cap on household energy bills next year, Prime Minister Viktor Orban said on Friday, adding that the 2023 budget would need to be modified in December.
read more... 03/10/2022
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EU countries to back energy windfall levies, lock horns over gas price cap
European Union countries meet on Friday to approve emergency levies on energy firms' windfall profits and launch talks on their next move to tackle Europe's energy crunch - possibly, a gas price cap.
read more... 03/10/2022
Daily (30.09.2022): Oil prices fell on Thursday amid worries about worldwide recession
Oil prices had a bearish evolution on Thursday, amid worries about a worldwide recession. Consequently, Brent crude slipped by 0.9% to $88.49 a barrel, and WTI oil edged 1.1% lower at $81.23 a barrel.
read more... 30/09/2022