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Daily (21.06.2022): NBP spot jumped by around 10% on Monday due to reduced gas flows
Crude oil prices rose slightly on Monday, weighed by general supply concerns and the EU ban on Russian oil, but global recession fears limited the upside. Brent crude increased by 0.9% to $114.13 a barrel.
read more... 21/06/2022
Vattenfall takes control of 2.8GW Swedish offshore duo
Vattenfall is buying 85% shares in Zephyr's 2800MW Vidar and Poseidon offshore wind farms planned to be built off the coast of Gothenburg, Sweden.
read more... 21/06/2022
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Germany to provide 15 billion-euro credit line to fill gas storage
Germany will provide an additional 15 billion euros ($15.8 billion) in credit lines for the purchase of gas to replenish storage facilities, news agency dpa reported on Sunday, citing a paper by the Economy Ministry.
read more... 21/06/2022
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Germany sticks to 2030 coal exit target despite energy crisis
Germany said Monday it still aimed to close its coal power plants by 2030 despite reverting to the fossil fuel following an energy crisis provoked by Russia's invasion of Ukraine.
read more... 21/06/2022
Daily (20.06.2022): Oil prices fell to a four-week low on Friday amid growing fears of economic downturn
Crude oil prices fell to a four-week low on Friday, as central banks in the US, UK and Switzerland raised interest rates to combat hiking inflation, sparking fears of a global economic recession. Hence, Brent crude dropped by 5.6%, to settle at $113.12 a barrel on Friday. U.S. WTI crude slumped by 6.8%, to settle at $109.56 a barrel.
read more... 20/06/2022