European Commission President Ursula von der Leyen will suggest to EU leaders meeting this week how the EU could cap gas prices in a bid to contain soaring energy costs.
read more... 06/10/2022
EU finance ministers reached a deal on Tuesday (4 October) to raise €20 billion from the bloc’s carbon market to support the transition away from Russian energy, opening the way for talks with the European Parliament to finalise the plan.
read more... 06/10/2022
Oil prices had a bullish evolution on Tuesday, as traders anticipated that an Opec meeting would result in a decision to cut production. Consequently, Brent crude increased 3.3% to $91.80 a barrel, and WTI oil rose 1.1% to $86.52 a barrel.
read more... 05/10/2022
Germany's largest power producer RWE said on Tuesday it is bringing forward its coal phase-out by eight years and is ready to end lignite-based electricity generation in 2030 as part of a deal reached with the government.
read more... 05/10/2022
The Dutch government expects to spend about 23.5 billion euros ($23.3 billion) on a price cap on energy contracts to shield consumers from surging prices, it said on Tuesday.
read more... 05/10/2022