Latest news
.jpg)
France at medium risk of power cuts in December
France is at medium risk of facing power cuts from mid-December as this winter’s so far mild temperatures are expected to drop and cause further pressure on the country’s already strained nuclear fleet, French energy regulator RTE said last week.
read more... 23/11/2022
Daily (22.11.2022): Energy complex climbed on Monday amid colder weather
Crude oil prices closed fractionally lower on Monday in a volatile trading session, after Saudi Arabia “categorically” denied a report that Opec was considering an increase in output that would help to counteract a loss of Russian crude supplies. Hence, Brent crude slipped by 0.2% to settle at $87.45 a barrel. U.S. WTI crude ended the day rather flat $80.04 a barrel.
read more... 22/11/2022
France spends 8.4 billion euros to help companies with energy bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas prices and help them compete with German businesses, its finance minister said on Saturday.
read more... 22/11/2022
.jpg)
Germany wants to boost gas trading hub credit line to 20 bln euros
Germany wants to give an additional 5 billion euros' ($5.1 billion) worth of credit to the nationwide gas market trading hub to enable forward sales from gas storage facilities, according to a finance ministry document seen by Reuters.
read more... 22/11/2022
New Italian government's budget to boost spending to fight energy crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the impact of high energy prices while postponing some of its most lavish election promises.
read more... 22/11/2022