Latest news
Daily (22.09.2022): Oil prices dropped to a two-week low on Wednesday after U.S. Fed hiked interest rates
On Wednesday, oil prices dropped to a two-week low as the U.S. Federal Reserve announced yet another important rate hike to combat inflation, which might dampen economic growth and oil demand. Thus, Brent crude decreased by nearly 0.9% to $89.83 a barrel, while WTI crude fell by 1.2% to $82.94 per barrel.
read more... 22/09/2022
European governments splurging €500bn to cushion energy crisis
Governments in Europe have earmarked nearly €500 billion in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday (21 September).
read more... 22/09/2022
Portugal ups debut offshore wind auction target to 10 GW
Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW), Environment Minister Duarte Cordeiro said on Wednesday, aiming to "move faster" on the country's energy transition.
read more... 22/09/2022
EC approves up to €5.2 billion funding for second hydrogen IPCEI
The European Commission (EC) has approved IPCEI Hy2Use, the second Important Project of Common European Interest (IPCEI) in the hydrogen value chain. The project will receive up to €5.2 billion in public funding from thirteen member states.
read more... 22/09/2022
Daily (21.09.2022): NBP gas prices recovered on Tuesday amid cold weather forecasts
On Tuesday, oil prices were bearish, following a decline in other risk assets. The dollar remained strong and investors anticipated further interest rate increases from central banks in order to reduce inflation. As such, Brent crude settled 1.5% lower at $90.62 a barrel. WTI crude decreased by 2.1% to $83.94.
read more... 21/09/2022