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Italy applies 50% windfall tax on energy companies' extra income
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
read more... 28/11/2022
Ukraine wants lower cap on Russian oil, at $30-$40 per barrel
The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, Ukrainian President Volodymyr Zelenskiy said on Saturday.
read more... 28/11/2022
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Daily (25.11.2022): European day-ahead power prices jumped on Thursday due to stronger demand and weaker wind generation
Oil prices were rather constant on Thursday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude traded rather flat at $85.34 a barrel, and WTI oil edged 0.1% higher at $78.08 a barrel amid general signs of low demand.
read more... 25/11/2022
Austria, Croatia, Bavaria team up for Adriatic LNG project
In a bid to reduce dependence on Russian gas, Austria, Croatia and the German region of Bavaria announced an energy-political partnership during a visit by Austrian Chancellor Karl Nehammer and Bavarian Minister-President Markus Söder to Croatia’s liquefied natural gas (LNG) terminal in the northern Adriatic.
read more... 25/11/2022
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EU countries unhappy with 275 euro gas cap proposal
European Union energy ministers locked horns on Thusday over a proposed gas price cap at 275 euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption.
read more... 25/11/2022