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Energy prices
Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices
The Texas-based company posted a net profit of $19.66bn for the three months to September 30.
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Solar Power Plant
A Quarter of Europe’s Solar and Battery Manufacturing Capacity Is at Risk
Soaring energy prices are threatening Europe’s renewable supply chain.
20th CPC National Congress
20th CPC National Congress | China’s Energy System Withstands Tests of COVID-19, Global Volatility
China's energy supply system has withstood the tests of the COVID-19 epidemic and major natural disasters, and effectively cushioned the impact of volatile inte…
Natural Gas
EU Leaders May Back New Gas Price Benchmark, Document Shows
European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers an…
Natural Gas
Germany Considers Price Caps as Energy Crisis Worsens
Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices.
Belgium
Thousands Take to the Streets in Belgium Against Soaring Energy Prices
Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest t…
Natural Gas
Greece Extends Energy Bill Subsidies Ahead of ‘Winter Battle’
Greece will pay out a further 1.1 billion euros in power bill subsidies in October to shield households and businesses from the impact of soaring energy prices …
United Kingdom
Cost of UK Support to Cap Energy Bills to Be Set Out on Friday
Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months.
EU
European Commission – Demand Reduction and Taxes to Tackle Energy Costs
The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.
Oil Price
Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…
Natural Gas
EU Mulls Energy Price Cap for Certain Generators - Document
The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.
Clean Energy Transition
Australian Energy Crisis Gives Rise to New Gas Supply Need
Energy prices rose 400% up to AU$40 per gigajoule.
EU
EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…
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