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Electricity market ‘not to blame for current crisis’
The EU’s integrated electricity market has helped mitigate energy prices, bringing benefits estimated at €34 billion per year, according to a report by the EU’s energy regulators, who outline 13 measures to alleviate the ongoing price crisis.
read more... 29/04/2022
BP, Volkswagen unveil details of e-car charging partnership
BP and Volkswagen on Thursday fleshed out details of their electric vehicle charging alliance, aiming to jointly install 8,000 fast-charging spots across Europe by 2024 in a bid to stoke demand for battery-powered vehicles.
read more... 29/04/2022
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Von der Leyen defies Russia’s gas ‘blackmail’, vows EU unity with Poland and Bulgaria
The European Union has warned Russia it will not bend to “blackmail” over its support for Kyiv after the Kremlin cut off gas supplies to Bulgaria and Poland. The two countries are now supplied from their EU neighbours.
read more... 29/04/2022
Daily (29.04.2022): European power prices retreated on Thursday amid easing gas panic
Crude oil prices rose on Thursday as the prospect of Germany joining other European Union member states in imposing a Russian oil embargo grew, exacerbating concerns about tight supplies in the already dearth global crude market. Hence, Brent crude increased by 2.2% to settle at $107.59 a barrel. U.S. WTI crude soared by 3.3% to end at $105.36 a barrel.
read more... 29/04/2022
Daily (28.04.2022): European electricity prices soared on Wednesday as Russia turns off is gas taps
Crude oil prices increased modestly on Wednesday ongoing concerns about tight worldwide supply, exacerbated by Russia's move to cut off gas shipments to two European nations. Hence, Brent crude rose by 0.3% to settle at $105.32 a barrel. U.S. WTI crude added 0.3% to end at $102.02 a barrel.
read more... 28/04/2022