Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023
Lawmakers in the European Parliament will consider a proposal to cap power plants' windfall revenues if Europe faces another energy price crisis and use the cash to cushion citizens from soaring bills.
read more... 16/05/2023
European Union countries are set to finalise a new renewable energy target to get 42.5% of the bloc's energy from renewable sources by 2030, a final version of the law showed.
read more... 16/05/2023
Investing in nuclear is necessary for Italy to pursue its energy objectives and ensure European energy sovereignty, said far-right MP Luca Toccalini (Lega/ID) as the Italian coalition expresses support for nuclear.
read more... 16/05/2023
Europe's $4.5 trillion natural gas derivatives market has become less transparent since Russia's invasion of Ukraine and faces risks due to a small number of market players and low liquidity, the European Union's securities watchdog said on Friday.
read more... 15/05/2023