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Daily (19.10.2022): British gas prices fell on Tuesday amid healthy storage, solid volumes of LNG
Crude oil prices lost ground on Tuesday as energy traders expect the Biden administration to remain aggressive with further releases from its strategic oil reserves. Economic slowdown and lower Chinese fuel demand put additional bearish pressure. Hence, Brent crude decreased by $1.59, or 1.7%, to settle at $90.03 a barrel. U.S. WTI crude dropped by $2.64, or 3.1%, to end at $82.82 a barrel.
read more... 19/10/2022
Green power avoided 70bcm of gas for EU since war
Renewable energy production avoided the need for 70bcm of natural gas imports to the EU – or around EUR 99bn in costs – following Russia’s full-scale invasion of Ukraine, a study showed on Tuesday.
read more... 19/10/2022
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Czechs, Germans close to deal on gas sharing in crisis
The Czech Republic and Germany are close to reaching an agreement on sharing gas in times of emergency, Czech Industry Minister Jozef Sikela said on Monday, as the countries seek to bolster energy security amid dwindling supplies of Russian gas.
read more... 18/10/2022
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EU leaders to discuss ‘dynamic price corridor’ for gas, among other options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, including a new proposal for “a temporary dynamic price corridor” due to be tabled by the European Commission on Tuesday (18 October).
read more... 17/10/2022
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France begins direct gas shipments to Germany
France has started sending natural gas to Germany as part of its pledge to ensure EU energy solidarity as Russia reduces exports after its invasion of Ukraine, the French network operator said Thursday.
read more... 17/10/2022