Oil prices increased on Thursday, ending close to $100 a barrel amid uncertainty about potential disruptions in Russian oil supplies following Russia’s continued full-scale attack on Ukraine. Hence, Brent crude soared by 2.3% to settle at $99.08 a barrel. U.S. WTI crude rose by 0.8%, to settle at $92.81 a barrel.
read more... 25/02/2022
Spanish and Portugese officials called on Thursday for Europe to cooperate more closely on managing energy supplies after major producer Russia's invasion of Ukraine heightened fears of disruptions.
read more... 25/02/2022
Europe's wind power trade association called on Thursday for more permits to build new wind farms, which it said had been slowed by bottlenecks in granting permissions, despite growing demand for green power.
read more... 25/02/2022
Germany can guarantee security of supply even without Russian gas or oil, Economy Minister Robert Habeck said on Thursday.
read more... 25/02/2022
Oil prices stagnated on Wednesday, as fears of losing Russian crude supply were offset by prospects of returning Iranian oil to the market. Hence, Brent oil closed unchanged at $96.84 a barrel. WTI crude, however, edged slightly higher at $92.10 a barrel.
read more... 24/02/2022