Latest news
Daily (28.03.2022): Attacks by Yemeni rebels followed by a huge fire at Jeddah oil facilities sent oil prices higher on Friday
Oil prices strengthened on Friday, following news of a massive fire which broke out at oil facilities in Jeddah, Saudi Arabia, following attacks by Yemeni rebels. As a result, Brent crude and WTI oil both surged by 1.4% to $120.65 a barrel and $113.90 a barrel.
read more... 28/03/2022
EU, US strike LNG deal as Europe seeks to ditch Russian gas
The United States will aim to supply 15 billion cubic metres (bcm) of additional liquefied natural gas (LNG) to EU markets this year to help Europe break away from Russian fossil fuel supplies, the two sides announced on Friday (25 March).
read more... 28/03/2022
BP to infuse 1 billion pounds in British EV charging over next 10 years
Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade, to meet the country's growing demand for greener power.
read more... 28/03/2022
EU leaders to debate ‘contagion effect’ of gas prices on electricity
At the insistence of Spain and other southern countries, EU leaders will instruct officials to look into the contagion effect of gas prices on electricity markets, according to draft summit conclusions seen by EURACTIV.
read more... 28/03/2022
Daily (25.03.2022): European front-year electricity prices gained ground on Thursday amid bullish carbon prices
Crude oil prices retreated on Thursday in the absence of confirmation on banning Russian oil by the European Union. News that exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal may partially resume added further pressure. Hence, Brent crude decreased by 2.1%, to settle at $119.03 a barrel. U.S. West Texas Intermediate (WTI) crude lost 2.3%, to settle at $112.34.
read more... 25/03/2022