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Daily (05.01.2023): Concerns over global economic recession weighed on oil prices on Wednesday
Oil prices decreased on Wednesday to near 1-week low, amid concerns over global economic slowdown. Consequently, Brent crude fell by 5.2% to $77.84 a barrel and WTI oil dipped by 5.3% to $72.84 a barrel.
read more... 05/01/2023
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Bulgaria, Greece launch oil pipeline, gas storage projects
Two documents on boosting energy cooperation between Bulgaria and Greece, involving a commitment to build a new pipeline at neck-breaking speed and gas storage deal, were approved by the Bulgarian interim government on Wednesday.
read more... 05/01/2023
Germany raises record EUR 13bn through carbon pricing
Germany raised a record EUR 13.2bn last year through emissions sales on both Europe’s carbon market and the country’s domestic scheme for heating and transport, the Federal Environment Agency (UBA) said on Tuesday.
read more... 05/01/2023
UK to reduce support for business energy costs
Britain's government will set out next week how it intends to scale back subsidies for businesses' soaring energy costs, after finance minister Jeremy Hunt described the current programme as "unsustainably expensive".
read more... 05/01/2023
Daily (04.01.2023): European power spot prices plummeted on Tuesday, amid expectations of weaker wind output.
Oil prices were bearish on Tuesday, amid fears about demand and global recession. Consequently, Brent crude fell by 4.4% to $82.10 a barrel and WTI oil dipped by 4.1% to $76.93 a barrel.
read more... 04/01/2023