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Daily (09.02.2023): British gas prices tumbled on Wednesday amid predictions of warmer temperatures and healthy LNG supplies
Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
read more... 09/02/2023
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EU launches global LNG reference price as gas cap looms
European Union regulators have launched a new reference price for liquefied natural gas (LNG), as part of plans to cap benchmark gas prices if they surge like they did last year after Russia curbed supply.
read more... 03/02/2023
Belgium largest energy supplier to EU neighbours in 2022
Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas.
read more... 03/02/2023
RWE, Equinor tie-up on Norway-Germany H2 supply chains
German utility RWE and Norway's state-controlled energy firm Equinor have announced a strategic partnership to produce hydrogen in Norway and to develop hydrogen-ready power plants in Germany.
read more... 06/01/2023
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Putin bans Russian oil exports to countries that implement price cap
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap.
read more... 28/12/2022