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(Daily 19.07.2022): Oil prices rebounded on Monday, influenced by a weaker dollar
Oil prices rebounded on Monday, influenced by a weaker dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point to combat inflation. Thus, Brent crude rose by 5% to settle at $106.27 a barrel, while WTI surged by 4.1% to $102.6.
read more... 19/07/2022
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France to pay 9.7 bln euros to take full control of EDF
France's government is offering 12 euros per share to take full control of EDF in a 9.7 billion euro ($9.85 billion) buyout offer that gives it a free hand to run the group as it contends with a European energy crisis.
read more... 19/07/2022
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UK launches review of British electricity market
The UK government on Monday launched a review into Britain's electricity market, seeking ways to lower costs for consumers contending with soaring energy prices.
read more... 19/07/2022
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EU signs deal with Azerbaijan to double gas imports by 2027
The European Commission signed a memorandum of understanding on Monday with Azerbaijan to double imports of Azeri natural gas to at least 20 billion cubic metres a year by 2027.
read more... 19/07/2022
Daily (18.07.2022): Oil prices rose on Friday due to the lack of an immediate oil extraction growth forecast in Saudi Arabia
Oil rose on Friday after U.S. official said that an immediate Saudi oil output surge was not anticipated. Thus, Brent crude ended 2.1% higher at $101.16 a barrel and WTI rose by 1.9% to settle at $97.59 a barrel.
read more... 18/07/2022