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Electricity and gas prices in UK and Europe hit records
Consumers in the UK and continental European are facing a growing price crunch for energy as wholesale electricity costs surpassed their highest ever level on Monday, boosted by low wind generation and the rally in natural gas to record heights.
read more... 07/09/2021
Daily (03.09.2021): Electricity front-year prices were hovering at all-time highs amid record high gas and carbon
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021
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Gas crunch threatens industry in UK and Europe
Centrica, owner of British Gas, has warned of soaring prices caused by a global supply crunch that could raise household bills and force energy-intensive businesses in the UK and Europe to curb activity this winter.
read more... 03/09/2021
European court says German energy regulatory methods are insufficient
The Court of Justice of the European Union on Thursday said Germany’s energy regulator must be more independent in applying the bloc’s electricity and gas regulations.
read more... 03/09/2021
Norwegian government proposes overhaul of petroleum tax system
Norway's government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry.
read more... 02/09/2021