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EU Council adopts new minimum gas storage rules in final step of approval
The EU's new rules on minimum gas storage obligations, which will require member states to fill storage sites to at least 80% of capacity by Nov. 1 this year, are set to come into force after final approval from the EU Council.
read more... 28/06/2022
EU ministers set renewable energy target at 40 percent
EU energy ministers on Monday agreed to increase the share of European energy consumption coming from renewables such as solar or wind power to 40 percent by 2030.
read more... 28/06/2022
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RWE to rethink UK investments if it proceeds with tax on power firms
German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.
read more... 28/06/2022
Daily (28.06.2022): European forward electricity prices rose on Monday amid ongoing supply squeeze fears
Crude oil prices extended gains on Monday as a worsening political crisis in Libya could result in halting exports, exacerbating supply tightness concerns. Hence, Brent crude futures increased by $1.97, or 1.7%, to settle at $115.09 a barrel. U.S. WTI crude added $1.95, or 1.8%, to end at $109.57 a barrel.
read more... 28/06/2022
Daily (27.06.2022): Oil prices increased on Friday due to limited supply
Oil prices increased on Friday due to limited supply but fell for the second consecutive week due to worries that increasing interest rates could cause a global recession. Brent crude rose by 2.8% to settle at $113.12 a barrel. WTI brute increased by 3.2% to $107.62 per barrel.
read more... 27/06/2022