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The EU Moves Toward Forming A Natural Gas Buyers’ Cartel
The European Union will make its first move as a buyers’ group on the international gas market next month as it launches the first tender for suppliers.
read more... 07/03/2023
Utilities expect UK to maintain household power bill support
British energy companies expect the government to change course and maintain its support for households for high gas and electricity bills at or near existing levels after the current package expires in April, reported the BBC on Friday.
read more... 03/03/2023
Daily (03.03.2023): Forward electricity prices were bearish on Thursday tracking lower gas and carbon prices
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023
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EU plans to extend gas consumption reduction targets
The EU is planning to extend its gas consumption reduction measures into next winter, the bloc’s energy ministers said on Tuesday (28 February), to replenish stocks.
read more... 02/03/2023
Daily (02.03.2023): British gas prices gained ground on Wednesday due cold spell forecasts
Oil prices had a bullish evolution on Wednesday following the restart of China’s manufacturing activity. However, macroeconomic concerns rise in US inventories limited gains. Consequently, Brent crude increased by 0.5% to $84.31 a barrel and WTI oil closed 0.8% higher at $77.69 a barrel.
read more... 02/03/2023