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Russian oil embargo could be part of next EU sanctions package
The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday (11 April), although there is still no agreement to ban Russian crude.
read more... 12/04/2022
Daily (12.04.2022): Brent crude fell below $100 a barrel on Monday amid Covid outbreak in China
Crude oil prices fell on Monday, with Brent slipping below $100 a barrel as the Covid outbreak reached record levels in China, raising concerns about oil demand. Hence, Brent crude dropped by $4.30, or 4.2%, to settle at $98.48 a barrel, its lowest close since March 16. WTI crude fell by $3.97, or 4.0%, to settle at $94.29 a barrel.
read more... 12/04/2022
Daily (11.04.2022): The German Cal23 power contract jumped to an all-time high on Friday on Russian coal ban
Crude oil prices gained ground on Friday as increased concerns about reduced Russian exports counterbalanced increased supply to the market from emergency reserves. Brent crude soared by $2.20, or 2.19%, to settle at $102.78 a barrel. U.S. WTI crude increased by $2.23 to $98.26 a barrel.
read more... 11/04/2022
EU could revisit renewable targets in push to quit Russian energy
The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas from Russia, EU climate policy chief Frans Timmermans said on Sunday.
read more... 11/04/2022
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EU forms team to start jointly buying non-Russian gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks.
read more... 11/04/2022