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EU could face gas shortage next year
The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.
read more... 13/12/2022
Global renewables capacity set to double over next five years
Global renewable power capacity is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday.
read more... 06/12/2022
Slovenia, Hungary mull natural gas connection
Slovenia and Hungary are considering building a natural gas pipeline connecting the two countries as a means of reducing Hungary’s reliance on natural gas from Russia.
read more... 06/12/2022
Daily (05.12.2022): NBP spot settled down on Friday amid forecasts for strong LNG arrivals
A bearish trend was seen in crude oil prices on Friday ahead of a meeting of the OPEC+ on Sunday and an EU ban on Russian crude on Monday. Thus, Brent crude decreased by 1.5% to settle at $85.57 a barrel. WTI crude ended around 5% lower at $79.98 a barrel.
read more... 05/12/2022
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EU reaches deal for $60/b price cap on Russian crude ahead of G7 deadline
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022