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Oil Price
Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
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.
Australia
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
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.
United Kingdom
UK Energy Price Cap ‘Could Soon Be Scrapped’
Officials are considering scrapping the price cap when the UK government’s energy bill package ends in October 2024.
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
Europe's Crisis Measures to Tackle Energy Price Spike
European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…
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.
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