Crude oil prices fell on Friday due to increased concerns about weaker demand and uncertainty over a potential cap by Western nations on Russian crude oil prices. Thus, Brent crude plummeted by 2% to settle at $83.63 a barrel. WTI crude lost 2.3% to close at $76.28 a barrel.
read more... 28/11/2022
The European Commission (EC) has granted more than $394m in funding for 168 climate action ‘green deal’ across Europe.
read more... 28/11/2022
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
read more... 28/11/2022
The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, Ukrainian President Volodymyr Zelenskiy said on Saturday.
read more... 28/11/2022
Oil prices were rather constant on Thursday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude traded rather flat at $85.34 a barrel, and WTI oil edged 0.1% higher at $78.08 a barrel amid general signs of low demand.
read more... 25/11/2022