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Australia
Early Closure Of Torrens Island B Power Station Could Increase The Annual Average Electricity Price By As Much As 19%
Early Closure Of Torrens Island B Power Station Could Increase The Annual Average Electricity Price By As Much As 19%
Crude Oil
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h…
Net Zero Emission
EU Agrees Law to Make Airlines Pay More to Pollute
The European Union reached a deal in the early hours of Wednesday on a law to increase the price that airlines have to pay when they emit planet-heating carbon …
High Capital Cost for Renewables to Persist in 2023: Report
But its impact on prices and technology will vary amongst developers.
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.
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