The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.
read more... 10/06/2022
The UK's national energy regulator, Ofgem, has said its proposal to adjust the Default Tariff Cap for household gas and electricity supplies on variable rates to a quarterly regime will leave consumers "better off".
read more... 10/06/2022
The European Commission gave its final approval to a temporary Spanish and Portuguese cap on gas prices for power generation, it said on Wednesday.
read more... 10/06/2022
Crude oil prices declined marginally on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. However, they are still hovering at near three-month highs amid falling gasoline inventories in the US. Hence, Brent crude lost 0.4% at $123.07 a barrel. US WTI crude slipped by 0.5% to end at $121.51 a barrel.
read more... 10/06/2022
Despite tight supply fears, Crude oil prices rose on Tuesday, as demand in China revived with the lifting of the country's lockdown measures and no new cases Covid-19. As a result, Brent crude increased by 0.9% to $120.57 per barrel.
read more... 08/06/2022