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Daily (29.06.2022): Oil prices rose as major exporters appeared unlikely to be able to significantly raise supply
Oil prices rose for the third day in a row on Tuesday as major exporters - Saudi Arabia and the United Arab Emirates - appeared unlikely to be able to significantly raise supply. On the other hand, Western countries agreed to investigate into potential measures to regulate the price of the Russian crude. Brent crude therefore increased by 2.5% to close at $117.98 a barrel.
read more... 29/06/2022
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UK's energy regulator proposes package to boost grid capacity
Britain's energy regulator proposed a spending package of 20.9 billion pounds ($25.48 billion) on Wednesday, including 2.7 billion pounds in upfront funding, as part of an initial five-year plan for sustainable and affordable regional energy grids.
read more... 29/06/2022
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Commercial power trade between Ukraine and continental Europe to start June 30
Commercial electricity trade between Ukraine/Moldova and the EU will start on June 30, the European Network of Transmission System Operators said June 28.
read more... 29/06/2022
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Statkraft to double power output to 100 TWh by 2030
Norwegian power producer Statkraft plans to double its annual output to 100 TWh by 2030 with an additional 30 GW of green capacity planned by the turn of the decade, it said on Tuesday.
read more... 29/06/2022
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EU Council adopts new minimum gas storage rules in final step of approval
The EU's new rules on minimum gas storage obligations, which will require member states to fill storage sites to at least 80% of capacity by Nov. 1 this year, are set to come into force after final approval from the EU Council.
read more... 28/06/2022