Latest news
UK energy support schemes' cost halved as mild winter tames prices
Britain is likely to spend 69 billion pounds ($82.95 billion) on schemes to protect households and business from soaring electricity costs, half of the original estimate, a UK spending watchdog said, as a mild winter softened energy costs.
read more... 07/02/2023
Daily (23.01.2023): Oil prices increased by over 1% on Friday amid brighter demand outlook in China
Crude oil prices moved upwards on Friday amid the prospects of rising demand in China as the economy in the world’s biggest oil importer gradually bounces back from nearly three years of stringent Covid lockdowns despite increases in infections. Hence, Brent crude increased by $1.47, or 1.7%, to settle at $87.63 a barrel. U.S. WTI crude settled at $81.31 a barrel, gaining 98 cents, or 1.2% day-on-day.
read more... 23/01/2023
Dutch VTTI to auction LNG capacity rights in early 2023
Dutch energy and chemical storage specialist VTTI will hold an open season early next year to auction off capacity rights to a 5bcm floating LNG terminal it plans to open in the Netherlands in early 2024.
read more... 14/12/2022
New Italian government's budget to boost spending to fight energy crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the impact of high energy prices while postponing some of its most lavish election promises.
read more... 22/11/2022
European renewable certificates at all-time high amid hydropower shortage
The market for European renewable energy guarantees of origin (GOs) has been heating up in recent weeks, with prices breaking the Eur6/MWh mark due to a persistent shortage of hydropower and strong demand from corporate buyers.
read more... 01/11/2022