Oil prices closed mixed on Tuesday as market participants awaited a key meeting by major producers. The West Texas Intermediate for January delivery added 96 cents, or 1.24 percent, to settle at 78.2 U.S. dollars [Read More]
The Gas Storage Regulation sets an obligation for Member States to fill their gas storage facilities at 90% by 1 November 2023. To be well-prepared for winter next year, the Commission has published today target [Read More]
Tomás Gómez-Acebo, Universidad de Navarra In 1874, Jules Verne wrote in his novel The Mysterious Island: I believe that one day water will be a fuel, that the hydrogen and oxygen which constitute it, used [Read More]
Any agreement on the European Commission’s proposal to cap the price of imported gas will be postponed until the middle of December, said Jozef Sikela, the Czech minister of industry and trade, and chair of [Read More]
Although Germany’s gas storage level reached 100 percent last week, Europe’s largest economy is still struggling to achieve long-term energy independence following decades of heavy reliance on imports. German Minister for Economic Affairs and Climate [Read More]
A European gas price cap at 275 euros (283 U.S. dollars) per megawatt hour (MWh) has been proposed, Energy Commissioner Kadri Simson announced on Tuesday in Strasbourg, France. “We propose an upper ceiling on the [Read More]
Nigerian President Muhammadu Buhari on Tuesday inaugurated Kolmani Integrated Development Project to drill oil and gas in the northeastern part of the country. Speaking at the project’s flag-off ceremony in the northeastern state of Bauchi, [Read More]
Saudi Arabian Energy Minister Abdulaziz bin Salman on Monday denied media reports that his country is mulling an oil output increase. “The current cut of 2 million barrels per day by OPEC+ continues until the [Read More]
Oil prices dipped on Monday, extending the losses they had suffered in the prior week, as concerns over a deteriorating demand outlook continued to weigh on the market. The West Texas Intermediate (WTI) for December [Read More]
Under an agreement signed on Monday, Norway will provide 2 billion Norwegian kroner (195.4 million U.S. dollars) to fund Ukraine to purchase natural gas this winter, the Norwegian government said in a press release. Norway’s [Read More]
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