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Daily (22.02.2022): Oil prices moved upwards on Monday as Russia-Ukraine tensions escalated
Crude oil prices continued to increase on Monday amid heightening tensions between Russia and Ukraine after Russian President Vladimir Putin recognized Donetsk and Luhansk in Ukraine East as independent states. Hence, Brent crude soared by 2% to settle at $95.39 a barrel. U.S. WTI crude added 0.6% to end at $91.59 a barrel.
read more... 22/02/2022
Daily (21.02.2022): British gas prices were bearish on Friday, on forecasts for milder weather and higher renewables output
Crude oil prices were mixed on Friday, as escalating tensions in the Russia-Ukraine crisis were offset by prospects of returning Iranian crude supply, as talks moved forward on a nuclear deal. As such, Brent oil rose by 0.6% to $93.54 a barrel. At the same time, WTI crude fell by 0.8% to $91.07 a barrel.
read more... 21/02/2022
Italy OKs $9 billion in energy aid, including EV incentives
The Italian government approved almost 8 billion euros ($9 billion) in aid to shield consumers and companies from soaring energy prices that are weighing on the economic outlook, including 1 billion euros for the automotive industry.
read more... 21/02/2022
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France moves towards more flexible electricity system
Energy professionals working on better integrating the growing number of renewable energies into the French energy mix are finding the varying number of renewable energies challenging EURACTIV France reports.
read more... 21/02/2022
Energy prices will ‘remain high and volatile until at least 2023’
Gas and electricity prices will “remain high and volatile until at least 2023” according to long term forecasts quoted in a draft of the European Commission’s communication on energy prices due to be published next month.
read more... 21/02/2022