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Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield", including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
read more... 30/09/2022
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EU tells countries gas price cap would come with risks
The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices.
read more... 30/09/2022
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EU vows to protect energy network after 'sabotage' of Russian gas pipeline
The European Union on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.
read more... 30/09/2022
Daily (29.09.2022): Oil prices soared amid supply concerns due to Hurricane Ian in the US
Oil prices increased on Wednesday, amid concerns about supply due to expected interruptions in the US Gulf of Mexico production as Hurricane Ian nears Florida. Consequently, Brent crude soared by 3.5% to $89.32 a barrel, and WTI oil raised by 4.6% to $82.15 a barrel.
read more... 29/09/2022
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EU countries at odds over possible gas price cap
European Union countries were at odds on Wednesday over whether to cap gas prices in the bloc, with France, Belgium and 13 other states stepping up their call for the move opposed by Germany and others.
read more... 29/09/2022