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Daily (01.08.2022): The NBP spot gas price dipped on Friday as UK gas system is balanced with Nordstream stable flows
Oil prices rose on Friday as attention shifted to the OPEC+ meeting this week and waning hopes that the producing group increasing supply soon. Thus, Brent crude oil price settled 2.7% higher to $110.01, WTI crude rose by 2.3% to $98.62 per barrel.
read more... 01/08/2022
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Italy's Eni confident it will replace Russian gas by 2025
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
read more... 01/08/2022
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Greeks pitch new electricity market model as fight over market reform intensifies
With the EU subject to record-breaking electricity prices, leaders have tasked the European Commission with working towards a reform of a system they consider failed in order to decouple gas prices from electricity prices.
read more... 29/07/2022
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Germany set to impose gas levy on consumers to support ailing importers
Germany is set to impose a levy on all gas consumers from Oct. 1 aimed at helping suppliers struggling with soaring gas import prices, a draft law showed on Thursday.
read more... 29/07/2022
Daily (28.07.2022): Crude oil prices surged on Wednesday due to reports of lower US stocks
Crude oil prices surged on Wednesday following reports of lower US stocks and a reduction in Russian gas exports to Europe, which counterbalanced worries about weakening demand and higher interest rates in US. As such, WTI crude rose by 2.4% to settle at $97.26 per barrel, Brent crude ended 2.1% up at $106.62 a barrel.
read more... 28/07/2022