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Rice
Net Zero Emission
‘Airline Prices to Go Up in Net Zero Quest’
That’s according to the body that represents some of the world’s largest airlines
Oil Price
Oil Prices Drop to Below $80 for First Time Since January on Recession Fears
US Energy Information Administration expects global oil inventories to fall by 200,000 barrels per day in the first half of 2023.
Electric Car
How Rising Battery Prices Could Derail Arrival of Affordable EVs
Surging costs of materials including cobalt, nickel and lithium are driving increase.
Natural Gas
ICE Warns EU Gas Price Cap Could See Prices Rise
An exchanges operator has warned the European Union that its proposal to cap gas prices would make it more likely that prices rise to hit the cap.
Electric Car
Prices of EVs Could Rise by 10% In 2024
That’s the warning from carmakers, after EU rules on manufacturing are set to change in two years.
Natural Gas
Netherlands Proposes EU Gas Price Cap for State-Backed Buyers - Document
The Netherlands has weighed into the European Union's debate on whether to cap gas prices with an alternative proposal that would cap gas prices but only for go…
Oil Price
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
Crude Oil
Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…
EU
France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval
The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…
Crude Oil
Poland Approves $60 G7 Oil Price Cap
Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.
Energy Transition
How Southeast Asia Can Futureproof Its Energy Sector
Southeast Asia is experiencing unprecedented fuel price increases and volatility, increasing demand for power, and exposure to the intensifying impacts of clima…
Crude Oil
Argentina Agrees Fuel Price Rise Caps with Firms, Pledges FX Access
Argentina on Monday reached an agreement with major oil firms operating in the country to put a cap on fuel price increases in a bid to keep costs at the pump d…
Italy
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…
Germany
Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says
Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…
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