Latest news
Daily (14.04.2022): British gas prices moved upwards on Wednesday amid Putin declarations that negotiations with Ukraine had reached an impasse
Crude oil prices extended their rally on Wednesday after Russian president Vladimir Putin said his country’s invasion of Ukraine was “going to plan”, raising the spectre of supply disruptions from the world’s number two exporter. Hence, Brent crude soared by $4.1, or 4%, to settle at $108.78 a barrel. U.S. WTI crude futures ended up $3.6, or 3.7%, to $104.25.
read more... 14/04/2022
.jpg)
High gas prices deter Italian storage injections – analysts
Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian sites and delaying the replenishment of inventories, analysts told Montel this week.
read more... 14/04/2022
.jpg)
German economic institutes see sharp recession if Russian gas cut off
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.
read more... 14/04/2022
.jpg)
France to get near EUR 4bn in fees for onshore wind – lobby
The French state is set to benefit to the tune of EUR 3.7bn in fees from onshore wind producers this year, industry lobby group France Energie Eolienne (FEE) said late on Tuesday.
read more... 14/04/2022
Daily (13.04.2022): Oil prices surged over 6% on Tuesday as Opec is cautious about replacing Russian supply
Crude oil prices rebounded sharply on Tuesday following Opec’s declaration that it would not boost output to levels good enough to replace Russian oil supply. Easing lockdown measures in Shanghai lent further support. Hence, Brent crude surged by 6.3% to settle at $104.64 a barrel. U.S. WTI crude settled 6.7% higher at $100.60 per barrel. Both contracts lost about 4% on Monday.
read more... 13/04/2022