EU wants more US gas and renewable energy to replace Russian supplies
The EU energy commissioner said that the EU will look to other countries, including the U.S., to supply more gas to replace Russian supplies and to expand renewable energy to reduce its reliance on fuel. In response to Moscow's invasion of Ukraine in 2022, the EU has committed to stop using Russian fossil fuels before 2027.
Prices drop due to falling demand and temperature increases
The European power price fell on Wednesday, as the consumption is expected to drop sharply due to rising temperatures. LSEG's analysis showed that German exports of power were down, while the availability of thermal power stations was not significantly different. LSEG data shows that the French baseload electricity…
Draft shows EU to relax state aid rules for green projects
According to a draft document of the European Commission, businesses could be able to get state aid or other financial incentives if they are working on projects that reduce their carbon emissions. The guidelines aim to encourage private investors, such as pension funds, insurance companies, and insurers, to invest in green projects.
Draft shows EU will work to more flexible filling targets for gas storage
A draft EU document revealed that the European Commission would work to develop more flexible targets so EU countries can fill their gas storage before winter. This follows concerns from some governments about Europe's strict deadlines for filling up. In 2022, after Russia cut gas supplies to Europe, the European Union introduced its current targets.
EUROPE GAS - Dutch benchmark falls to two-week low due to weather, storage hope and peace talks
The benchmark Dutch Gas Contract fell on Friday, to its lowest level in over two weeks. This was due to forecasts for milder weather and talks about a loosening up of European gas storage goals, as well as ongoing U.S. attempts to end the conflict in Ukraine. LSEG data shows that the benchmark front-month contract…
Sources say that EU countries will discuss relaxing gas storage targets
EU sources said that the countries of the European Union will discuss on Thursday the request from some governments for the relaxation of the gas storage targets. This is because the costs to fill Europe's caverns with gas this year are increasing. Gas Infrastructure Europe's data show that EU gas storage facilities…
Prices fall in Europe amid profit-taking and temperature revision
The wholesale gas prices in the Netherlands and Britain fell Wednesday morning, as profit-taking took place after Tuesday's new two-year peak. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 1,35 euros lower at 55.10 Euro per megawatt hour by 1307 GMT. The Dutch April contract is down by 2.48 Euros at 55.12 euro/MWh.
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures that will be presented on 26 February to help improve the competitiveness of industries and lower energy prices.
US Report: Palm oil prices rise on the strength of Dalian palm olein
The Malaysian palm futures closed higher on Wednesday for the fifth consecutive session, boosted by a positive U.S. report about world agricultural demand and supply estimates as well as a stronger Dalian palm oil. At the close of the day, the benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange rose 31 ringgit or 0.67% to 4…
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures that will be presented on 26 February to help improve the competitiveness of industries and lower energy prices.
European energy industry urges EU to not cap gas prices
The European Union's gas and trading industries are urging it not to cap the gas price, while Brussels is looking for ways to protect businesses and consumers from rising energy prices. The European Commission has been preparing a set of measures that will be presented on 26 February to help improve the competitiveness of industries and lower energy prices.
Palm oil prices rise on Dalian oil demand and stronger Dalian crudes
Malaysian palm oils futures closed higher on Wednesday. They were boosted by the stronger Dalian edible oil, and traders were hopeful about a possible resumption in palm oil demand out of India. At the close, the benchmark April palm oil contract on Bursa Derivatives Exchange rose 24 ringgit or 0.56% to 4,332 Ringgit per metric ton. The contract fell 1.35% Tuesday.
Palm oil prices rise on Dalian oil demand and stronger Dalian crudes
The price of Malaysian palm oils futures recovered from early losses, with the help of gains in Dalian edible oil, and traders are optimistic about a possible resumption in demand for palm oil from India. At midday, the benchmark April palm oil contract on Bursa Derivatives Exchange rose 20 ringgit (0.46%) to 4,328 Ringgit ($977.64). The contract fell 1.35% on Monday.
Data shows that Russia's LNG exports in January fell by 5%.
LSEG's preliminary data on Monday showed that Russia's LNG exports in January were down 5% compared to a year ago, at 2.75 million metric tonnes. Exports of LNG were down by 10% compared to December. Due to U.S. sanctions over the conflict in Ukraine, Russia has been unable to increase LNG exports. The new Arctic…
Repsol invests $834 Million in Spanish Ecoplant, now that windfall tax is gone
Repsol will invest over 800 million euros in a green methanol facility in northeastern Spain. The company announced this on Wednesday after the parliament rejected extending a temporary tax on windfall profits for large energy companies. The company said that the Ecoplant in Tarragona will be operational in 2029.
Prices of EUROPE GAS rebound due to a weaker wind and colder weather
The wholesale gas prices in the Netherlands and Britain rebounded Tuesday morning after falling on Monday, due to expected colder weather conditions and reduced wind output. The benchmark contract for the Dutch TTF hub at 0914 GMT was 0.67 euros higher, at 48.59 Euros per Megawatt Hour (MWh), while the contract for March was 1.52 Euros higher, at 48.45 EUR/MWh.
We learned a lot from the World Economic Forum in Davos in 2025
After a week-long discussion dominated by Donald Trump's return to the U.S. presidency, world leaders and business executives have left Davos in Switzerland. Israel's ceasefires against Hamas, Hezbollah and other terrorist groups sparked real regional peace talk. Friends and enemies agreed that Trump is the…
We learned a lot from the World Economic Forum in Davos in 2025
After a week-long discussion dominated by Donald Trump's return to the U.S. presidency, world leaders and business executives have left Davos in Switzerland. Israel's ceasefires against Hamas, Hezbollah and other terrorist groups sparked real regional peace talk. Friends and enemies agreed that Trump is the…
Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United States and the European Union. He says he will do this by imposing tariffs, or forcing the EU to buy more U.S. gas and oil. In a memo entitled "America First Trade Policy", issued by Trump on his first day in the White House…
EU source: EU selects PwC for mineral, energy platform
The EU has chosen PriceWaterhouseCoopers and a Slovak software company to develop a 9 million euro ($9.4 million) joint purchasing platform for critical minerals and energy, according to a European Commission source and a document seen by . Source who refused to give their name said that the platform would have…
