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Germany woos South Africa to replace Russian coal
Germany’s plan to halt all imports of Russian coal this year has deepened market efforts to secure alternative material in the shortest possible time, with South Africa – formerly one of Europe’s main suppliers – one of the most favourable candidates, market participants said.
read more... 15/03/2022
Daily (15.03.2022): British gas prices dropped sharply on Monday amid peace talks, healthy supply
Crude oil prices fell sharply on Monday to hit their lowest levels in two weeks amid ongoing negotiations between Russia and Ukraine, as well as pandemic-linked travel ban in China. Hence, Brent crude dropped by 5% to settle at $106.90 a barrel. U.S. WTI crude shed by 5.8% to close at $103.01 a barrel.
read more... 15/03/2022
Daily (14.03.2022): Brent crude rose by over 3% on Friday, boosted by supply worries amid the war in Ukraine
Crude oil prices strengthened on Friday, as brokers secured positions in a market still buoyed by fears of global supply disruptions due to the war between Russia and Ukraine. As a result, Brent oil and WTI crude both soared by 3.1% to $112.67 a barrel and $109.33 a barrel, respectively.
read more... 14/03/2022
German finance minister open to new oil, gas drilling in North Sea
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.
read more... 14/03/2022
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Power connection restored at Chornobyl nuclear plant
Ukraine’s nuclear power company Energoatom has informed International Atomic Energy Agency (IAEA) that the power supply to Chornobyl nuclear power plant (NPP) has now been restored.
read more... 14/03/2022