Crude oil prices dropped by about $1 per barrel in choppy trading on Thursday as concerns about the impact of Federal Reserve interest rate hikes and China's rising COVID-19 cases outweighed the impact of lower U.S. crude stocks as a result of a winter storm in the United States. Hence, Brent crude settled at $80.98 a barrel, decreasing by $1.22, or 1.5% day-on-day. U.S. WTI crude future settled at $77.49, losing 80 cents, or 1%.
read more... 23/12/2022
Gas prices for Polish consumers excluding businesses will be capped at €43 per megawatt-hour (MWh) to ensure they are better protected against rising energy costs, according to a law signed by President Andrzej Duda on Wednesday.
read more... 23/12/2022
Germany's Uniper on Dec. 21 sent the first LNG regasified at the new floating import terminal at Wilhelmshaven into the German grid, a company spokesperson said Dec. 22.
read more... 23/12/2022
The Spanish senate approved a new windfall tax late on Wednesday that will curb sales revenues from energy companies in 2023-24 and aims to collect 1.2% of its turnover from large operators.
read more... 23/12/2022
The European Commission said on Wednesday it had approved the German government's 28 billion euro ($29.69 billion) support scheme for renewable energy, which is aimed at rapidly expanding use of wind and solar power.
read more... 22/12/2022