European Union countries should agree a cap on the price of gas imported from Russia to help ease the burden of rising prices on businesses and households, Italian Prime Minister Mario Draghi said on Wednesday.
read more... 25/08/2022
Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow's invasion of Ukraine, its energy minister said on Tuesday.
read more... 24/08/2022
Crude oil prices dropped to end the day almost flat on Monday despite OPEC's warning that it could need to tighten production. The prospect of a nuclear agreement that would allow Iran's oil to be sold again after sanctions dampened the settlement. As such, Brent crude lost 0.3% to settle at $96.48 a barrel, while WTI decreased by 0.5% to $90.77.
read more... 23/08/2022
TotalEnergies of France and Italy's Eni on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.
read more... 23/08/2022
Bulgaria's interim energy minister said it was "inevitable" that the Balkan country would discuss resuming gas deliveries with Russia's Gazprom that were halted in April, after the government promised to secure adequate supplies for the winter.
read more... 23/08/2022