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Spain to ask EU for extension to Iberian gas price cap until end 2024
Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024, Energy Minister Teresa Ribera said on Monday.
read more... 10/01/2023
Norway expects jump in oil output and gas near record highs
Norway's oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday.
read more... 10/01/2023
Daily (09.01.2023): European carbon prices fell on Friday amid temperatures above sesonal norm
Crude oil prices diverged on Friday, as the market still digesting a declining US dollar and mixed US data jobs. Consequently, Brent crude edged 0.1% lower at $78.57 a barrel. Meanwhile, WTI crude ended 0.1% higher at $73.77 a barrel amid increasing demand from China.
read more... 09/01/2023
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France says energy firms agree tariff to help small businesses
France's power suppliers have agreed to offer small businesses struggling with price rises a guaranteed tariff of 280 euros ($298) on average per megawatt hour, Finance Minister Bruno Le Maire said.
read more... 09/01/2023
Plan to extend Finland's 1st offshore wind farm advances in permitting
Finnish wind power producer Suomen Hyotytuuli Oy on Thursday said its offshore wind farm extension project near Pori on the west coast of Finland is moving ahead to the permitting stage.
read more... 09/01/2023