Natural gas prices have fallen further in Europe as a spell of warm weather delays the heating season, providing some respite for a regional economy on the brink of recession. The mild weather is likely to extend into the month, with forecasters Maxa…
IEA: Higher oil prices will have major impact on global economy The International Energy Agency (IEA) released its October Oil Market report on Thursday. The report said continued deteriorati…
The European Commission on Thursday proposed emergency intervention in Europe's energy markets to ease the recent sharp rise in energy prices. A much-watched proposal to cap natural gas prices was not included because of controversy.…
Fuel prices in South Africa have seen their biggest drop in two years since midnight local time on September 6. According to the government's price adjustment plan, the price of 93 and 95 gas…
Affected by the conflict between Russia and Ukraine, this year the European electrolytic aluminum production capacity is declining, as Russia this week stop running indefinitely "Nord stream no. 1" gas pipeline, electricity prices in Europe rose shar…
France's annual inflation rate hit 6.1 percent in July 2022, rising further from 5.8 percent in June, the highest since July 1985, the National Institute for Statistics and Economics (Insee) said.…
In the European market, due to the heat wave in Europe, the Rhine River, one of the main traffic arteries in Europe, has fallen sharply, causing logistical problems for barges transporting i…
The Nordic electricity market (Nord Pool) is reported as saying that electricity prices in Denmark are now three times higher than they were this time last year. Martin Hansen, deputy hea…
Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its…
Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its…
Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its…
Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its…