Latest news
Daily (31.01.2023): Energy prices turned bullish again on Monday
Oil prices dropped on Monday as investors are anticipating the US Federal Reserve (Fed) interest rate announcement as well as the conclusion of the OPEC+ meeting. Hence, Brent crude oil has weakened by 2% to settle at $84.90 a barrel. Similarly, U.S. WTI crude ended at $77.90 a barrel, or a 2% daily loss.
read more... 31/01/2023
UK oil and gas sector faces $24 bln bill to plug old wells
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.
read more... 23/11/2022
.jpg)
Italy's telecoms lobby urges EU to help lower energy bills, avoid power cuts
Italy's telecoms lobby has called on the European Union to consider ways to help the industry cope with rising energy costs as well as to shield their networks from any planned power cuts, a document seen by Reuters showed.
read more... 11/10/2022
Belgium supports energy price caps, suspending trading in EU power crunch
Belgium has backed introducing price caps for European Union's gas and electricity hubs, as well as suspending trade in case of "irrational market behaviour", according to a note seen by Reuters on Monday.
read more... 01/09/2022
.jpg)
TotalEnergies, Eni announce major Cyprus gas find
TotalEnergies of France and Italy's Eni on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.
read more... 23/08/2022