Latest news
Oil prices climbed on Wednesday following a weekly drop in US crude stocks
Oil prices climbed on Wednesday, following a weekly drop in US crude stocks and a rise in demand from the nation with the highest oil consumption. Consequently, Brent crude increased by 2.6% to $92.41 a barrel, and WTI oil rose by 3.3% to $85.55 a barrel.
read more... 20/10/2022
.jpg)
Germany to cap electricity prices by taxing excess profits
Germany's government plans to introduce a cap on electricity prices for households and industry to ease the impact of soaring energy costs, a ministry document seen by Reuters on Wednesday showed.
read more... 20/10/2022
.jpg)
Iberian gas prices for utilities fall below cap for first time
Iberian wholesale market gas prices fell below a threshold set for gas-fired power plants in May for the first time on Wednesday after Spain's national grid operator warned it may reject LNG shipments due to overcapacity.
read more... 20/10/2022
Netherlands follows Spain in quitting Energy Charter Treaty
The Netherlands will pull out of the Energy Charter Treaty (ECT), which has come under fire for protecting investments in the oil and gas sector, the country’s energy ministry said on Wednesday (19 October).
read more... 20/10/2022
Daily (19.10.2022): British gas prices fell on Tuesday amid healthy storage, solid volumes of LNG
Crude oil prices lost ground on Tuesday as energy traders expect the Biden administration to remain aggressive with further releases from its strategic oil reserves. Economic slowdown and lower Chinese fuel demand put additional bearish pressure. Hence, Brent crude decreased by $1.59, or 1.7%, to settle at $90.03 a barrel. U.S. WTI crude dropped by $2.64, or 3.1%, to end at $82.82 a barrel.
read more... 19/10/2022