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Norway expects to earn record $131 bln from oil and gas in 2023
The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar.
read more... 07/10/2022
Czech government clears way for price caps on electricity, gas
The Czech government cleared the way on Wednesday to impose caps on electricity and gas prices for households, public institutions and small companies for 2023 as the country faces soaring prices pushed higher by the war in Ukraine.
read more... 07/10/2022
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Spain set to overhaul consumer power price mechanism to reduce volatility
Spain's government has proposed an overhaul of its retail power tariff mechanism to dilute the link to volatile day-ahead prices, the Ecological Transition Ministry said Oct. 5.
read more... 07/10/2022
Daiy (06.10.2022): Oil prices surged on Wednesday after OPEC agreed to cut production for November
Oil prices had a bullish evolution on Wednseday, after Opec decided to cut production by 2m bbl/day in November. Consequently, Brent crude surged 1.7% to $93.37 a barrel, and WTI oil rose by 1.4% to $87.76 a barrel.
read more... 06/10/2022
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Germany to subsidise electric bills with 13 bln euro grid fee payment
Germany will subsidise power bills next year by paying just under 13 billion euros ($12.8 billion) towards the usage fees charged by the four high-voltage transmission grid companies (TSOs), economy minister Robert Habeck said on Wednesday.
read more... 06/10/2022