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Daily (17.10.2022): Oil prices settled lower on Friday due to recession fears and worries about demand
Oil prices settled lower amid recession fears, which increased worries about demand. Thus, Brent crude traded 3.1% down at $91.63 a barrel, while WTI decreased by 3.9% to $85.61 per barrel.
read more... 17/10/2022
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EU leaders to discuss ‘dynamic price corridor’ for gas, among other options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, including a new proposal for “a temporary dynamic price corridor” due to be tabled by the European Commission on Tuesday (18 October).
read more... 17/10/2022
Spain confirms intention to withdraw from Energy Charter Treaty
Spain has initiated a procedure to withdraw from the Energy Charter Treaty (ECT), which protects investments in fossil fuels and other energy infrastructure, official sources confirmed to EURACTIV’s partner, EFE.
read more... 17/10/2022
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France begins direct gas shipments to Germany
France has started sending natural gas to Germany as part of its pledge to ensure EU energy solidarity as Russia reduces exports after its invasion of Ukraine, the French network operator said Thursday.
read more... 17/10/2022
German car industry baulks at supplier demands over energy hikes
Germany's giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter.
read more... 14/10/2022