energy-market
Top StoriesEU Commission to Propose Potential ‘dynamic’ Gas Price Cap
Top StoriesBank of England Publishes Rules for Energy Firms’ Liquidity Tool
Top StoriesEuro Zone Posts Record Trade Deficit in August Amid Soaring Energy Prices
Top StoriesGerman Car Industry Baulks at Supplier Demands Over Energy Hikes
Swedish Energy Minister: Need to Decouple Gas From Electricity Price
Date: October 12, 2022
PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khashayar Farmanbar said on Wednesday, ahead of a meeting of the bloc’s energy ministers. “That can be done through various suggestions,” Farmanbar said. “But one thing is important: What we do now, the market interference...
Energy Crisis Could Cut Europe’s Car Output Nearly 40% – S&P Global Mobility
Date: October 11, 2022
By Nick Carey LONDON (Reuters) – Auto forecaster S&P Global Mobility warned on Tuesday that, under a worst case scenario, Europe’s energy crisis could cut its car production by close to 40%, or more than 1 million vehicles, per quarter through the end of 2023. In a report titled ‘Winter is Coming,’ S&P Global Mobility...
Spanish Government to Ensure Naturgy’s Planned Spin-Off Meets Conditions
Date: October 11, 2022
MADRID (Reuters) – The Spanish government will ensure Naturgy’s plans to spin off its power and gas infrastructure meet conditions set by authorities when Australian fund IFM bought a stake in the utility company, Energy Minister Teresa Ribera said on Tuesday. Naturgy wants to split into two separately listed entities, with one focused on infrastructure...
Oil Falls More Than 2% on Recession and China Covid Fears
Date: October 11, 2022
By Alex Lawler LONDON (Reuters) – Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand. World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of...
EU Countries Eye Deal on More Energy Measures Within Weeks
Date: October 10, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take and whether they should cap gas prices. As Europe heads into a winter of scarce Russian gas supplies and...
German Gas Commission Agrees Proposals to Ease Impact of Soaring Prices
Date: October 10, 2022
BERLIN (Reuters) -Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said. A draft of a paper seen by Reuters earlier showed the commission favoured the state giving households and businesses a...