Latest news
Daily (30.05.2023): Weaker demand and high storage levels continue to weigh on gas prices
Crude oil prices rose on Monday after President Biden and House Speaker Kevin McCarthy were believed to have reached a preliminary agreement on lifting the debt ceiling. Brent crude added 0.2% to settle at $77.07 a barrel. WTI crude increased by 0.4% to trade $72.96 per barrel.
read more... 30/05/2023
Ofgem plans to end temporary last resort supply payment claim process
In a bid to adapt to evolving market conditions, Ofgem is proposing to end the temporary multiple claim process for Last Resort Supply Payments (LRSPs).
read more... 30/05/2023
Italian LNG terminal to start operations in mid-June
Italy’s Piombino floating LNG terminal (FSRU) could start commercial operations as early as mid-June once it receives authorisation for the injection of gas into Italy’s national grid, a spokeswoman from TSO Snam said.
read more... 30/05/2023
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Northern Ireland-Scotland electricity link proposed
A transmission licence application has been made in Northern Ireland (NI) for a proposed new electricity interconnector, which aims to connect NI and Scotland around the end of the decade.
read more... 30/05/2023
Daily (29.05.2023): Crude oil prices retreated by 1% on Friday amid provisional agreement on rising the US debt ceiling
Oil prices gained ground on Friday, spurred by provisional agreement struck by US leaders on raising the debt ceiling and potential output cuts by OPEC+. Brent crude increased by 0.9% to settle at $76.95 a barrel, while WTI gained 1.3% to trade at $72.67 a barrel.
read more... 29/05/2023