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Bulgaria seeks EU nod to halve energy tax to 10% until April
Bulgaria will seek EU approval to halve value-added tax on electricity and gas to 10% in the first four months of 2022 to offset a surge in energy costs for businesses and households, officials said.
read more... 10/12/2021
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Nord Stream 2 pipeline ‘under threat’ if Russia invades Ukraine
US officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 natural gas pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on Tuesday (7 December).
read more... 09/12/2021
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Daily (08.12.2021): EUAs saw a fierce rally of above 84 EUR/t on Tuesday amid increased buying activity before options expiry, cold weather, strong gas
Crude oil prices extended gains on Tuesday amid receding fears of the South African coronavirus variant, dubbed as Omicron.Hence, Brent crude soared by $2.36, or 3.2%, to settle at $75.44 a barrel. U.S. WTI crude spiked by $2.56, or 3.7%, to end at $72.05.
read more... 08/12/2021
NOVATEK and RWE join in on LNG supply and decarbonisation
Novatek, Russia’s natural gas producer, and RWE Supply & Trading, the trading unit of German utility RWE, have signed a memorandum of understanding (MoU) to cooperate on LNG supply and decarbonisation.
read more... 08/12/2021
Daily (06.12.2021): Near-term gas prices weakened on Friday, weighed by profit-taking and forecasts of milder temperatures
Oil prices were mitigated on Friday, following the decision of OPEC+ members to maintain the planned gradual increase in crude production, despite the new variant of Covid and reports of tapping into strategic reserves. As a result, Brent oil edged 0.3% up at $69.88 a barrel, while WTI crude slipped by 0.4% to $66.26 a barrel.
read more... 06/12/2021