energy-market
Top StoriesPortugal Expects Deal to Disconnect Power Prices From Gas Prices ‘very Soon’
Top StoriesEuro Zone Trade Deficit Extends to Feb as Energy Import Burden Rises
Top StoriesUK Energy CEOs Urge Government Action on ‘horrific’ Price Surge
Top StoriesBritain Will Have Enough Gas This Summer, National Grid Says
German Economic Institutes See Sharp Recession if Russian Gas Cut Off
Date: April 13, 2022
BERLIN (Reuters) -Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy. A sudden stop in Russian energy supplies – an adverse scenario and not the institutes’...
OPEC Tells EU It’s Not Possible to Replace Potential Russian Oil Supply Loss
Date: April 11, 2022
By Kate Abnett and Alex Lawler BRUSSELS/LONDON (Reuters) -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more. European Union officials held talks in Vienna...
Oil Drops Below $100 on Reserves Release and China Lockdowns
Date: April 11, 2022
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June delivery was down $4.29, or 4.2%, at $98.49 a barrel...
Greek PM Warns of Populism if Europe Fails to Tackle Energy Crisis
Date: April 7, 2022
ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis urged Europe on Thursday to quickly find a way to address soaring gas and power prices, which have dented household income, or risk seeing the “forces of populism” reappear on the continent. Energy prices have soared since last year and Russia’s invasion of Ukraine has pushed them...
Oil Rises From 3-week Low as Supply Concerns Linger
Date: April 7, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook. Brent crude futures were up $1.19, or 1.2%, at $102.26 a barrel at 1306...
Solar, Wind and Diesel: European Companies Tool up in Energy Crisis
Date: April 7, 2022
By Victoria Waldersee, Isla Binnie and Stine Jacobsen BERLIN/MADRID/COPENHAGEN (Reuters) – Big companies aren’t waiting around for Europe to wean itself off Russian fossil fuels. With Moscow’s invasion of Ukraine deepening the region’s energy crisis, some are taking matters into their own hands. Luxury carmaker Mercedes-Benz is working to increase its energy independence this decade...