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Daily (09.12.2022): Crude oil prices tumbled for a fifth straight session on Thursday amid economic concerns
Crude oil prices fell for a fifth consecutive session on Thursday as traders ignored the closure of a significant Canada-to-U.S. crude pipeline, instead focusing on worries that the global economy would slow down and reduce the demand for fuel. Hence, Brent crude settled at $76.15 a barrel, decreasing by $1.02, or 1.3%. U.S. WTI crude settled at $71.46 a barrel, shedding by 55 cents, or 0.8%.
read more... 09/12/2022
Portugal ends mandatory environmental assessments for green hydrogen projects
Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said.
read more... 09/12/2022
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Germany, Netherlands set out red lines on EU gas price cap
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states' attempts to lower further the level at which the bloc will cap gas prices, according to an email seen by Reuters.
read more... 09/12/2022
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Shell injects $1.5 bln into UK retail power business to help it weather volatility
Shell has injected nearly $1.5 billion in cash and credit into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.
read more... 09/12/2022
Daily (08.12.2022): The German spot price jumped by around 20% on Wednesday due to falling wind generation
Oil prices extended losses on Wednesday, amid fears of a global recession. Consequently, Brent crude fell by 2.7% to $77.17 a barrel and WTI oil ended 3% lower at $72.01 a barrel.
read more... 08/12/2022