The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan on Tuesday.
read more... 20/12/2023
German state-owned energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy, the companies said on Tuesday.
read more... 20/12/2023
Oil prices posted a slight decrease on Friday following a very volatile week. Market analysts attributed the fluctuations to the upcoming week nearing the end-of-year holidays, noting that traders "are not particularly inclined to take significant positions." As a result, Brent crude ended at $76.55, and WTI crude closed at $71.43 per barrel.
read more... 18/12/2023
On Wednesday, oil prices rebounded, supported by a decline in US crude inventories and a more relaxed tone from the Federal Reserve. As a result, Brent crude ended at $74.26, and WTI crude settled at $69.47 per barrel, with both contracts recording gains of over 1%.
read more... 14/12/2023
EU ministers are likely to approve the prolonging of several emergency energy measures, including a gas price cap, by at least a year at a meeting next Tuesday, said a senior diplomatic source on Tuesday.
read more... 13/12/2023