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Four EU countries float ‘dynamic’ price corridor for gas
Several EU countries proposed limiting volatility in the gas market by introducing a “dynamic price corridor” to prevent prices from going too high or too low while still ensuring Europe can purchase the gas it needs on world markets.
read more... 10/10/2022
Daiy (07.10.2022): British near-term gas soared on Thursday amid ongoing supply concerns
Oil prices had a bullish evolution for a second day in a row, after Opec+ decided to limit production in November. Consequently, Brent crude increased by 1.1% to $94.42 a barrel, and WTI oil rose by 0.7% to $88.45 a barrel.
read more... 07/10/2022
Norway expects to earn record $131 bln from oil and gas in 2023
The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar.
read more... 07/10/2022
Czech government clears way for price caps on electricity, gas
The Czech government cleared the way on Wednesday to impose caps on electricity and gas prices for households, public institutions and small companies for 2023 as the country faces soaring prices pushed higher by the war in Ukraine.
read more... 07/10/2022
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Spain set to overhaul consumer power price mechanism to reduce volatility
Spain's government has proposed an overhaul of its retail power tariff mechanism to dilute the link to volatile day-ahead prices, the Ecological Transition Ministry said Oct. 5.
read more... 07/10/2022