Slovenia and Hungary are considering building a natural gas pipeline connecting the two countries as a means of reducing Hungary’s reliance on natural gas from Russia.
read more... 06/12/2022
A bearish trend was seen in crude oil prices on Friday ahead of a meeting of the OPEC+ on Sunday and an EU ban on Russian crude on Monday. Thus, Brent crude decreased by 1.5% to settle at $85.57 a barrel. WTI crude ended around 5% lower at $79.98 a barrel.
read more... 05/12/2022
Norwegian gas TSO Gassco is mulling a pipeline to Germany, which could be ready in 2030 and deliver up to 4m tonnes of hydrogen a year.
read more... 05/12/2022
A French scheme, with a total estimated budget of €13.5 billion (£11.6bn), to partially compensate energy-intensive companies has approved by the European Commission.
read more... 05/12/2022
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022