Crude oil prices diverged on Monday, with Brent crude declining by 1.6% at $107.58 a barrel as concerns of slowing economic growth in China outweighed fears of a potential supply cut from a looming EU-wide ban on Russian oil. In contrast, US WTI crude futures rose by 0.5% to settle at $105.17 a barrel, tracking the rally in the diesel market.
read more... 03/05/2022
Oil prices varied on Friday, on worries about weak economic growth in China, the world's top oil importer as well as fears of potential supply in case of a potential European Union ban on Russian crude.
read more... 02/05/2022
A regional coordination centre will be set up in Bulgaria to manage the overall use of gas and electricity infrastructure and additional gas purchases for the Balkans and Italy, announced Deputy Prime Minister and Finance Minister Asen Vassilev in Brussels after meeting with EU Commission President Ursula von der Leyen and Executive Vice-President Frans Timmermans on Thursday (28 April).
read more... 02/05/2022
Hydrogen will be essential for Europe’s future economy, particularly to store and transport green energy, EU climate chief Frans Timmermans told the European Parliament on Thursday (28 April).
read more... 02/05/2022
Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it's where the European Union is redrawing the region's energy map to ease its heavy reliance on Russian natural gas.
read more... 02/05/2022