Latest news
EU approves law to hit gas imports with methane emissions limit
European Union countries approved a law on Monday to impose methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to cut leaks of the potent greenhouse gas.
read more... 28/05/2024
Daily (27.05.2024): Gas prices declined on Friday amid rising Norwegian flows and ample storage
Oil prices posted a slight increase on Friday, following a week of consecutive decrease amid a technical rebound. Expected increase in gasoline demand ahead of a long weekend also supported prices. Thus, Brent crude settled at $82.12 per barrel, while WTI crude stood at $77.72, both contracts rising by about 1% day-on-day.
read more... 27/05/2024
National Grid unveils £60bn investment strategy
British multinational electricity and gas utility company National Grid has unveiled a £60bn ($76.3bn) investment plan set to transform its networks up to 2028.
read more... 27/05/2024
Daily (23.05.2024): The German Cal25 power price topped 100 EUR/MWh for the first time since the start of the year on Wednesday
Oil prices declined for the third consecutive day on Wednesday in a sluggish market, despite a rebound in U.S. gasoline demand. The EIA's weekly report showed gasoline demand rising to 9.3 million barrels per day for the week ending May 17, after six weeks below 9 million barrels per day. As a result, Brent crude dropped by approximately 1.2% to $81.90 per barrel, while WTI Crude decreased by 1.4% to settle at $77.57.
read more... 23/05/2024
Daily (22.05.2024): European carbon prices hit a four-month high on Tuesday amid strong demand and bullish gas prices
Oil prices extended losses on Tuesday, in a market that shrugged off geopolitical risk and focused on the absence of supply disruptions, OPEC's supply capacity and Fed vice-president speeches. As a result, Brent crude dropped by about 1% to close at $82.88 a barrel, while WTI crude lost 1.4% to settle at $79.80 per barrel.
read more... 22/05/2024