Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told newspaper SonntagsBlick.
read more... 16/08/2022
New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday.
read more... 16/08/2022
Oil prices fell on Monday as poor Chinese economic data fuelled fears of a worldwide recession, which would reduce fuel consumption. Hence, Brent crude settled down $3.05, or 3.1%, to $95.10 a barrel. U.S. WTI crude dropped by $2.68, or 2.9%, to close at $89.41 a barrel.
read more... 16/08/2022
Crude oil prices declined on Friday amid concerns that supply disruptions in the American Gulf of Mexico would be temporary, while recession worries cast doubt on the prospects for demand. Hence, Brent crude fell by $1.45, or 1.5%, to settle at $98.15 a barrel. U.S. WTI crude dropped by $2.25, or 2.4%, to settle at $92.09 a barrel.
read more... 15/08/2022
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday.
read more... 15/08/2022