British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support.
read more... 08/12/2022
Crude oil prices fell sharply on Tuesday amid concerns about an uncertain economy. Hence, Brent crude shed by 4% to settle at $79.35 a barrel, its largest daily decline since late September. Meanwhile, U.S. WTI crude dropped by 3.5%, to settle at $74.25 a barrel, their lowest settlement this year.
read more... 07/12/2022
European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros ($231), a week away from a meeting when the bloc hopes to resolve an issue that has deeply divided the 27 member states.
read more... 07/12/2022
Bulgaria's parliament approved on Tuesday a temporary windfall tax of 33% on oil, gas and coal companies, implementing a European Union-wide agreement on the issue.
read more... 07/12/2022
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity produced by coal, fuel oil, or renewable power generation, officials at the central bank, Bank of Italy, said on Monday.
read more... 07/12/2022