Latest news
Daily (07.04.2022): Oil prices plummeted to three-week low on Wednesday after IEA reserve release announcement
Crude oil prices slumped to their lowest levels since March 16 on Wednesday amid news that member states of the International Energy Agency (IEA) will release 120 million barrels from strategic reserves to put an end to the escalating prices. Hence, Brent crude dropped by $5.57, or 5.2%, at $101.07 a barrel. U.S. WTI crude fell by $5.73, or 5.6%, to settle at $96.23 a barrel.
read more... 07/04/2022
.jpg)
Germany unveils major electricity sector revamp
The German government presented on Wednesday (6 April) a comprehensive revamp of the country’s electricity sector, outlining new frameworks for renewables, power grids and markets in order to set the country on track to reach climate neutrality.
read more... 07/04/2022
EU Commission lays out plan to become climate neutral by 2030
The European Commission unveiled plans on Tuesday (5 April) to cut its own greenhouse gas emissions by 60% before the end of the decade, saying the remainder will be compensated with carbon removals.
read more... 07/04/2022
.jpg)
Cost of gas storage refill will be evenly spread
Austria, the Netherlands and Hungary have flagged concerns about EU plans to ensure the bloc’s gas storage is at least 80% full by 1 November, warning they would bear a disproportionate amount of the cost.
read more... 07/04/2022
Daily (06.04.2022): European front-year electricity prices increased over 1% on Tuesday amid fears of new sanctions on Russian energy
Oil prices decreased on Tuesday as reports about a new round of sanctions against Russia for its alleged war crimes in Ukraine were offset by the extended lockdown in Shanghai. Hence, Brent crude declined by 89 cents, or 0.8%, to settle at $106.64 a barrel. U.S. WTI crude fell by $1.32, or 1.3% to settle at $101.96 a barrel.
read more... 06/04/2022