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Daily (09.08.2022): Long-term gas prices fell in line with lower carbon prices and amid strong storage injections
Crude oil prices rebounded from multi-months lows touched last week as upbeat economic data from China and the United States fed hopes for a stronger demand despite persisting fears of a recession. Thus, Brent crude rose by 1.8%, to settle at $96.65 a barrel, WTI crude increased by 2% to $90.76.
read more... 09/08/2022
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Germany likely to miss gas storage target without additional measures
If reduced Russian gas flows through Nord Stream 1 pipeline to Germany remain at the current level, Germany might not hit its gas storage target by November.
read more... 09/08/2022
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European gas storage on track to meet target but at a cost
European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter.
read more... 05/08/2022
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Russia cuts gas flows further as Europe urges energy saving
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season.
read more... 28/07/2022
EU backs €406.4m Dutch scheme to support filling of gas storage facility
The European Commission has approved a Dutch scheme, worth up to €406.4 million (£345m), to support the filling of the gas storage facility Bergermeer amid Russia’s invasion of Ukraine.
read more... 27/07/2022