gas price

Oil prices settled 2% higher at the close of trading on Friday, but eased for a second consecutive week after member nations of the International Energy Agency and the US announced plans to release more crude from their strategic stockpiles.
  • April 11, 2022
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According to the Centre for Economics and Business Research (CEBR), a think tank associated with the Western Washington University in the USA, petrol prices may drop in the coming months but the price of gas could stay high for years to come.
  • April 8, 2022
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Germany has appointed a German trustee to oversee Gazprom Germania, the German subsidiary of Russian oil giant Gazprom. The government has called it a "transitory solution" to Gazprom's attempt to dispose of its German shareholdings. All voting rights in Gazprom Germania will be moved to the regulator – the Bundesnetzagentur, whose trusteeship will stay in place until September 30th.
  • April 6, 2022
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European Union and German regulators carried out unannounced inspections at several German companies involved in the supply, transmission and storage of natural gas on suspicion of violating E.U. competition regulations.
  • April 1, 2022
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Greece’s Energy Ministry is considering natural gas storage in Italy and Bulgaria to ensure sufficient supplies for the 2022-23 winter season. In Greece, the annual consumption of natural gas in 2020 was 5.8 billion cubic meters, which means that it is necessary to ensure a stored quantity of 0.9 billion m³.
  • March 30, 2022
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United States President Joe Biden is set to announce a major initiative for direct deliveries of LNG to Europe to help it replace Russian gas. However, the market for the fuel is tied in long-term contracts, so it is unclear how the government can get companies on board.
  • March 27, 2022
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