European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas.
read more... 05/04/2023
The European Commission will extend its gas price cap system to all trading hubs in the European Union from May to prevent potential distortions to Europe's energy markets, it said on Friday.
read more... 03/04/2023
Crude oil prices increased modestly on Friday, hovering at about a two-week high, supported by supply disruptions in Iraq and a calmer outlook for the banking sector. Hence, Brent crude for May delivery, which expired upon settlement, gained 50 cents, or 0.6%, to settle at $79.77 a barrel. In meantime, US WTI crude increased by $1.30, or 1.8%, to end at $75.67 a barrel.
read more... 03/04/2023
Oil prices gained ground on Tuesday, supported by renewed risk appetite among investors and the halt of oil imports from Iraqi Kurdistan by Turkey (around 450,000 barrels per day). Thus, Brent crude edged 0.7% higher to settle at $78.65 a barrel, while WTI crude added 0.5% to end at $73.20 a barrel.
read more... 29/03/2023
Companies’ ability to use the EU’s joint gas buying platform could be limited by lack of access to the financial guarantees needed to underpin contracts, European Commission vice president Maros Sefcovic said on Tuesday.
read more... 29/03/2023