The news that some oil supplies on the Russia-to-Europe Druzhba pipeline that crosses through Ukraine had been stopped combined with worries that a slowing economy could cut demand, resulted in a modest decline in oil prices on Tuesday. As such, Brent crude oil price settled 0.4% lower at $96.31, while WTI crude ended 0.3% down to settle at $90.50 a barrel.
read more... 10/08/2022
The French Government has announced several emergency measures to boost renewable electricity generation ahead of the winter.
read more... 10/08/2022
Britain is making plans for organised blackouts for industry and households over winter when cold weather may coincide with gas shortages, Bloomberg News reported on Tuesday.
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Russian natural gas supplies to Latvia resumed on Aug. 5, a week after they were halted by Russian exporter Gazprom, data from transmission system operator Conexus Baltic Grid (CBG) showed.
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Crude oil prices rebounded from multi-months lows touched last week as upbeat economic data from China and the United States fed hopes for a stronger demand despite persisting fears of a recession. Thus, Brent crude rose by 1.8%, to settle at $96.65 a barrel, WTI crude increased by 2% to $90.76.
read more... 09/08/2022