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Daily (31.03.2022): European gas prices soared on Wednesday, amid fears of gas supply disruptions from Russia
Crude oil prices strengthened on Wednesday, amid resurging concerns over global supply of black gold due to doubts over any immediate diplomatic solution to the conflict in Ukraine. Hence, Brent oil rose by 2.9% to $113.45 a barrel and WTI crude surged by 3.4% to $107.82 a barrel.
read more... 31/03/2022
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Increase in electricity prices inevitable
Faced with soaring electricity prices, the French government has introduced a tariff shield for the year 2022 to protect the most vulnerable households. However, this measure will not last forever, according to the spokesperson for French election candidate Valérie Pécresse.
read more... 31/03/2022
EU countries bet on floating LNG terminals to raise import capacity
The war in Ukraine has focused attention on liquefied gas (LNG) to replace Russian supplies coming via pipeline. Germany, France and Italy are all planning to rent or acquire special floating terminals in order to increase import capacity.
read more... 31/03/2022
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Germany declares ‘early warning’ on gas supplies
Following Russia’s demand to be paid for energy and fuel in roubles, Germany has declared an “early warning” of a possible gas supply emergency.
read more... 31/03/2022
Daily (30.03.2022): British gas prices moved upwards on Tuesday amid fears of a Russian shutdown of gas supply to the EU
Oil prices retreated on Tuesday as talks between Russia and Ukraine to end their weeks-long conflict progressed, though Moscow negotiators said a promise to scale back some military operations did not constitute a ceasefire. New lockdowns in China put additional pressure on oil prices. Hence, Brent crude declined by 2%, to settle at $110.23 a barrel. US WTI crude decreased by 1.6%, to close at $104.24 a barrel.
read more... 30/03/2022