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Daily (27.04.2022): British gas price surged on Tuesday amid news that Russia will suspend gas flows to Poland
Crude oil prices rebounded on Tuesday a pledge of China’s central bank to boost liquidity in financial markets, which helped soothe concerns about the impact of a resurgent Covid-19 that had led to another lockdown. Hence, Brent crude increased by $2.67, or 2.6%, to settle at $104.99 a barrel. U.S. WTI crude soared by $3.16, or 3.2%, at $101.70.
read more... 27/04/2022
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Spain has 20bcm of regasification available for the EU
Spain has around 20bcm/year of natural gas in surplus at its six regasification plants that could replace Russian flows, the CEO of TSO Enagas said on Tuesday.
read more... 27/04/2022
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Electricity exchanges urge Spain, Portugal not to act alone on power prices
Power trading platforms are urging the Spanish government not to intervene alone in the system that sets the price of electricity, in its bid to bring down sky-high utility bills, according to a letter seen by Reuters.
read more... 27/04/2022
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EU countries mull deal on emergency rules to fill gas storage
European Union countries will this week debate a possible deal to share out the costs of buying gas to fill storage and build a supply buffer ahead of next winter, according to a draft document seen by Reuters.
read more... 27/04/2022
Daily (26.04.2022): Oil prices fell by about 4% on Monday amid demand destruction concerns from China
Crude oil prices slumped to their lowest levels in two weeks on Monday. The market reacted bearishly to the news that China will prolong the strict coronavirus lockdown, a measure that the market fears will result in a slowing economy and weak demand. Hence, Brent crude fell by $4.33, or 4.1%, to settle at $102.32 a barrel. U.S. WTI crude fell by $3.53, or 3.5%, to settle at $98.54.
read more... 26/04/2022