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Wind power generation in Europe has fallen sharply, by as much as half, and spot prices for gas and gas withdrawals from storage facilities have risen as a result. Wind power generation fell below 8% of the European energy mix on …
Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling over a price level at which to cap Moscow’s exports. The country’s key Urals grade fell to …
European Union diplomats suspended talks on capping Russian oil prices, Reuters reported. Diplomats had expected a deal to be done on Friday night but positions remained entrenched and the talks were postponed to Monday, according to …
The European Union will need more time to reach an agreement on the G7 price cap on Russian oil, European Commissioner for Energy Kadri Simson said on Thursday. EU energy ministers will discuss the price cap proposal on Thursday. …
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil stalled on Wednesday, Bloomberg News reported on Wednesday, citing people familiar with the matter. The EU’s executive arm …
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from G7 nations was considered higher than the current trading levels, alleviating concerns over tight supply. A …
Israel authorized a Qatari company to be involved in drilling for natural gas in the Kana-Sidon Reservoir
The United States and its allies are hoping to establish the price level at which Russian crude oil will be capped, people familiar with the talks told the Wall Street Journal. Officials are talking about setting the price at which …
EU countries had reduced Russian diesel imports by 50,000 bpd to 560,000 bpd by October
Oil prices inched higher on Tuesday as the dollar eased, but global recession worries and concerns about China’s rising COVID-19 case numbers denting demand from the world’s top crude oil importer weighed on sentiment. Brent …
as competition heats up
The European Commission (EC) has prepared a draft document that includes a mechanism for introducing a dynamic ceiling on natural gas (NG) prices. The final version will be presented at the EU summit on Nov. 24, Italian Environment and Energy …
Group of Seven nations aim to announce at what level they will set a price cap on Russian crude oil next Wednesday, according to people familiar with the matter. The Biden administration is expected to privately share a proposed price …
Oil dropped by about 2% on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to U.S. interest rates. Brent crude settled at $87.62 a barrel, falling $2.16, or 2.4%. U.S. West …
A week ago, the U.S. Energy Information Administration cut its crude oil demand outlook for 2023 by 320,000 bpd, with supply also falling, by 300,000. This week, OPEC also revised down its oil demand forecast for next …
Russia’s oil export duty will go up by $0.6 to $43.3 per ton starting December 1, 2022, the Finance Ministry reported on Tuesday. The average price of the Urals crude oil amounted to $71.1 per barrel, or $519.2 per ton, in the …
Nord Stream AG has received a permit to survey damage points of the pipeline in Danish waters and already initiated the survey, the Nord Stream pipeline operator said on Monday. "Danish Geodata Agency granted Nord Stream AG a …
The European Union is “ready to go” with an effort to impose a price cap on Russian oil, Ursula von der Leyen, the president of its executive arm, said Monday. “We have set all the tools necessary in place in the …
Turkey expects to play a key role in the pricing of natural gas once the hub on its territory is opened, Minister of Energy and Natural Resources Fatih Donmez said in an interview with the TRT TV Channel. "Turkey will not just …
The European Union’s executive signaled it does not see a price cap on imported natural gas as the best tool to rein in an unprecedented energy crisis and instead suggested a plan that would spread the soaring costs over …
