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Electricity exchanges urge Spain, Portugal not to act alone on power prices
Power trading platforms are urging the Spanish government not to intervene alone in the system that sets the price of electricity, in its bid to bring down sky-high utility bills, according to a letter seen by Reuters.
read more... 27/04/2022
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EU countries mull deal on emergency rules to fill gas storage
European Union countries will this week debate a possible deal to share out the costs of buying gas to fill storage and build a supply buffer ahead of next winter, according to a draft document seen by Reuters.
read more... 27/04/2022
Daily (26.04.2022): Oil prices fell by about 4% on Monday amid demand destruction concerns from China
Crude oil prices slumped to their lowest levels in two weeks on Monday. The market reacted bearishly to the news that China will prolong the strict coronavirus lockdown, a measure that the market fears will result in a slowing economy and weak demand. Hence, Brent crude fell by $4.33, or 4.1%, to settle at $102.32 a barrel. U.S. WTI crude fell by $3.53, or 3.5%, to settle at $98.54.
read more... 26/04/2022
First Dutch floating LNG plant set to arrive in August
The Netherlands will receive its first floating LNG plant, at Eemshaven in Groningen, in early August as part of the country’s plan to wean itself off Russian gas, TSO Gasunie said on Monday.
read more... 26/04/2022
German-funded consortium to develop 'battery passport' for Europe
A German-funded consortium of carmakers and battery producers, including BMW, Umicore and BASF , is to develop a "battery passport" that traces the content and carbon footprint of batteries in Europe, Germany's economy ministry said on Monday.
read more... 26/04/2022