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Daily (05.07.2022): British gas prices continued their uptrend on Monday amid reduced flows from Norway
Oil prices recovered on Monday as supply side issues due to weaker OPEC output, unrest in Libya and sanctions on Russia outweighed fears of global recession. Hence, Brent crude increased by 1.7% to settle at $113.50 a barrel. US WTI crude gained 1.8% to end at $110.41 a barrel.
read more... 05/07/2022
EU plans hydrogen deal with Namibia as it pulls away from Russian energy
The European Union is planning a deal with Namibia to support the country’s nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy.
read more... 05/07/2022
Brent oil stalls as market weighs supply disruption, recession fear
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
read more... 05/07/2022
High power prices will last for years – Vattenfall CEO
Europe will likely see extremely high and volatile power prices for several years even if the war in Ukraine were to end tomorrow, the CEO of Sweden’s Vattenfall told Montel on Monday.
read more... 05/07/2022
EU ministers want stronger carbon price control mechanism
EU ministers want a stronger carbon price control mechanism to tackle excessive rises, according to the EU Council’s formal position on draft ETS reforms published late on Thursday.
read more... 04/07/2022