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Daily (19.01.2023): European carbon prices reached their highest level in two weeks as a result of rising gas and electricity demand
Despite some hopeful predictions for oil consumption, oil prices were trading down on Wednesday as worries about the American recession took control. Investors have become aware that a recession is on the horizon amid US indices suggesting a severe slowdown in consumer spending. As a result, Brent crude oil slipped by $0.94, or 1.09% to settle at $84.98 a barrel. US WTI crude declined by 0.9% to end at $79.48 a barrel.
read more... 19/01/2023
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Germany exploring trilateral gas solidarity deal with Italy, Switzerland
Germany is exploring a trilateral solidarity agreement with Italy and Switzerland to provide mutual support in the event of an extreme gas shortage, the economy ministry said on Tuesday.
read more... 19/01/2023
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Need for speed as EU launches debate on electricity market reform
In response to soaring energy bills, the European Commission is preparing an overhaul of its electricity market with the objective of spreading the benefits of cheap renewables to all consumers.
read more... 19/01/2023
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Bulgaria set to build 4 nuclear reactors under new energy plan
Bulgaria must build four new nuclear reactors to guarantee power generation capabilities once the two operational reactors at its sole nuclear power plant in Kozloduy are decommissioned, the caretaker government said.
read more... 19/01/2023
Daily (18.01.2023): Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China
Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China as the world's top oil importer's economy gradually recovers despite rising infections. Thus, Brent crude oil rose by $1.46, or 1.7 percent, to $85.92 a barrel. U.S. WTI crude oil settled at $80.18 a barrel, gaining $1.11, or 1.4 % on a daily basis.
read more... 18/01/2023