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Daily (27.10.2021): Oil prices hit their highest levels since 2014 amid ongoing concerns about supply
Oil prices continued their steady uptrend on Tuesday, with the benchmarks hitting their highest levels in almost seven years amid limited supply from particularly OPEC and on growing global demand. Hence, Brent crude rose slightly by 0.5% to settle at $86.40 a barrel. U.S WTI crude increased by 1% to close at $84.65 a barrel.
read more... 27/10/2021
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Certifying Nord Stream 2 poses no threat to gas supply to EU
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.
read more... 27/10/2021
Spain seeks EU permission to adjust power price mechanism
Spain's government is planning to seek permission from the European Union to set its own power prices outside the internal energy market system as it looks to offset the impact of bullish gas prices, Spanish newspaper El Pais reported Oct. 26, citing a government position paper.
read more... 27/10/2021
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European gas liberalization cut import costs by $70 bil in last decade
Liberalization of the European wholesale market for natural gas has yielded a $70 billion saving in importation costs over the last decade, a report published by the International Energy Agency has said.
read more... 27/10/2021
Daily (26.10.2021): British gas prices moved higher on Monday amid cold weather forecasts, bullish fuel markets
Oil prices steadied on Monday in absence of any significant event on the market, with the market remaining focused on the tight global supply. Hence, Brent crude rose by 0.5% to settle at $85.99 a barrel. U.S. WTI crude remained unchanged at $83.76 a barrel.
read more... 26/10/2021