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Baltic states become first in Europe to stop Russian gas imports
The head of Latvia’s natural gas storage operator said Saturday (2 April) the Baltic states were no longer importing Russian gas, a decision made in reaction to the Kremlin’s decision to invade Ukraine.
read more... 04/04/2022
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EU backs Enel solar panel gigafactory
Enel Green Power and the European Commission have signed a grant agreement to help boost capacity at the former's 3Sun PV panel factory in Sicily, Italy, to 3GW from 200MW currently.
read more... 04/04/2022
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Putin tells Europe: Pay in roubles or we’ll cut off your gas
Russian President Vladimir Putin has demanded foreign buyers pay for Russian gas in roubles from Friday (1 April) or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”.
read more... 04/04/2022
Daily (04.04.2022): British gas prices dropped sharply on Friday as Russian threat to cut flows failed to occur
Crude oil prices fell on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release. Hence, Brent crude dropped by 3.3% to settle at $104.39 a barrel. US WTI crude decreased by 1% to close at $99.27 a barrel.
read more... 04/04/2022
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Daily (01.04.2022): Oil prices slumped on Thursday amid US pledge to release oil reserves
Crude oil prices dropped sharply on Thursday after President Joe Biden unveiled the largest ever release from the US Strategic Petroleum Reserve and called on oil companies to increase drilling to boost supply. This news outweighed OPEC+ saying it would continue with only a gradual increase in production. Hence, Brent crude ended the day at $107.91, falling by 4.9% day-on-day. U.S. crude for May delivery settled 7% lower at $100.28 per barrel.
read more... 01/04/2022