Denmark, Germany, Poland, Finland, Sweden and the Baltic countries want to develop 19.6 GW of offshore wind in the Baltic Sea by 2030 amid ongoing EU efforts to decarbonise the economy and reduce dependence on Russian gas.
read more... 02/09/2022
Oil prices fell on Wednesday due to concerns that the global economy would slow down much further. As a result, Brent crude oil declined by 2.8% to settle at $96.49 a barrel. WTI crude fell by 2.3% to $89.55 a barrel.
read more... 01/09/2022
Belgium has backed introducing price caps for European Union's gas and electricity hubs, as well as suspending trade in case of "irrational market behaviour", according to a note seen by Reuters on Monday.
read more... 01/09/2022
Germany’s energy and climate ministry expects to meet a target early to replenish the country’s gas stocks, ensuring households and industry will be supplied this winter, Der Spiegel reported at the weekend.
read more... 01/09/2022
Crude oil prices lost ground on Tuesday in a volatile week, as markets continue to fear a global recession and demand is declining. On the other side, Saudi Arabia urges OPEC+ to cut more supply which could support the market later on. Nevertheless, Brent and WTI crude traded 5.5% lower at $99.31 a barrel, and $91.64 respectively.
read more... 31/08/2022