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Sweden to help consumers facing high electricity costs
Sweden's government on Wednesday vowed to compensate households and companies for soaring electricity costs in the wake of the Ukraine war, to the tune of up to 60 billion kronor ($5.76 billion).
read more... 18/08/2022
Russia sees 38% rise in energy export earnings this year
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022
Daily (17.08.2022): Brent crude slipped towards $92 a barrel for the first time since 18 February amid weak economic data
Crude oil prices continued to lose ground, to hit their lowest level since before Russia's invasion of Ukraine, mainly due to a combination of a worsening demand outlook and the prospect of Iran pumping more oil. Hence, Brent crude fell by $2.76, or 2.9%, to settle at $92.34 a barrel. WTI crude shed by $2.88, or 3.2%, to settle at $86.53 a barrel.
read more... 17/08/2022
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Dutch government to decide on filling Norg gas storage above current 80%
The Dutch government is expected to make a decision this month on whether to fill the country's largest gas storage facility further, officials said on Tuesday.
read more... 17/08/2022
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Russia's Gazprom warns European gas prices could climb a further 60%
Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company's own export and production continues to fall amid Western sanctions.
read more... 17/08/2022