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EU ready to increase energy efficiency target to eliminate Russian gas
The European Commission is revising the economic assumptions behind its energy and climate laws package presented last year, saying sky-high gas prices fuelled by the war in Ukraine have strengthened the case for more ambitious energy efficiency goals.
read more... 29/03/2022
Daily (29.03.2022): Oil prices dropped by 7% on Monday amid lockdown in China
Crude oil prices dropped sharply on Monday after China, the second-largest oil consumer and largest importer began a Covid-19 lockdown in financial and manufacturing hub Shanghai, raising fears of demand destruction. Hence, Brent crude fell by $8.17, or 6.8%, to settle at $112.48 a barrel. U.S. WTI crude slumped by $7.94, or about 7%, to settle at $105.96 a barrel.
read more... 29/03/2022
Daily (28.03.2022): Attacks by Yemeni rebels followed by a huge fire at Jeddah oil facilities sent oil prices higher on Friday
Oil prices strengthened on Friday, following news of a massive fire which broke out at oil facilities in Jeddah, Saudi Arabia, following attacks by Yemeni rebels. As a result, Brent crude and WTI oil both surged by 1.4% to $120.65 a barrel and $113.90 a barrel.
read more... 28/03/2022
EU, US strike LNG deal as Europe seeks to ditch Russian gas
The United States will aim to supply 15 billion cubic metres (bcm) of additional liquefied natural gas (LNG) to EU markets this year to help Europe break away from Russian fossil fuel supplies, the two sides announced on Friday (25 March).
read more... 28/03/2022
BP to infuse 1 billion pounds in British EV charging over next 10 years
Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade, to meet the country's growing demand for greener power.
read more... 28/03/2022