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Switzerland could align with EU energy saving drive
Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told newspaper SonntagsBlick.
read more... 16/08/2022
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Berlin wants to reduce gas use by 2% with new regulations
New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday.
read more... 16/08/2022
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Germany reaches 75% gas stocks target ahead of schedule
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday.
read more... 15/08/2022
Daily (12.08.2022): EUAs soared to a six-week high on Thursday as energy markets continued to be robust and prices continued to set records
Oil prices rose on Thursday as a result of an increase in the International Energy Agency's forecast for this year's growth in oil demand as some consumers switch to oil due to rising natural gas prices. Consequently, WTI crude jumped by 2.6% to $94.34 a barrel and Brent crude increased by 2.3% to settle at $99.60 a barrel.
read more... 12/08/2022
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IEA raises global oil demand outlook on fuel switching
The International Energy Agency has modestly raised its global demand outlook for this year due to a surge in oil use for power generation and gas-to-oil switching in the wake of soaring European natural gas prices.
read more... 12/08/2022