Crude oil prices extended gains on Monday as a worsening political crisis in Libya could result in halting exports, exacerbating supply tightness concerns. Hence, Brent crude futures increased by $1.97, or 1.7%, to settle at $115.09 a barrel. U.S. WTI crude added $1.95, or 1.8%, to end at $109.57 a barrel.
read more... 28/06/2022
The Spanish government is readying a new tax on electricity utilities' profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday.
read more... 22/06/2022
Jean-Bernard Lévy, the chairman and CEO of French utility EDF and current president of power industry association Eurelectric, has urged EU countries to invest in distribution grids in order to sustain Europe’s move towards climate neutrality.
read more... 22/06/2022
French winter power prices would exceed EUR 700/MWh in the event of a halt to Russian gas supplies, Sebastien Loux, managing director of TotalEnergies' electricity and gas business in Europe, told Montel on Monday.
read more... 14/06/2022
Crude oil prices retreated on Friday after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Hence, Brent crude decreased by 0.9% to settle at $122.01 a barrel. U.S. WTI crude declined by 0.7% to settle at $120.67 a barrel.
read more... 13/06/2022