her Eleftherias Kourtalis Greece, together with the Netherlands and Italy, are the countries that are most vulnerable – both on the fiscal front and on the energy front – and will benefit the least from EU support measures for the energy market, Citigroup estimates in today’s analysis. There are three main questions that have arisen […]
Tag: Energy
How will green cheap electricity come from Egypt to Europe
By Haris Fludopoulos An important step in the direction of the maturation of the electrical interconnection project between Greece and Egypt took place yesterday, with the meeting of the Egyptian president Abdel Fattah Al-Sisi with the president of the Copelouzos group Dimitris Copelouzos in Egypt. The project is envisaged to interconnect the electricity systems of […]
Italy: The government is preparing energy saving measures
According to Italian media, the government of Mario Draghi is preparing to approve two new main measures to save energy. At today’s cabinet meeting, as broadcast by Rai public television, Energy Minister Roberto Cingolani, in accordance with information, emphasized that from the beginning of October, private and public services, as well as the tenants of […]
Oil: WTI continues to fall and reaches lows in a week
Oil prices continue to find no support in the short term. WTI is nearing August lows. The oil prices they continue to pull back from one-month highs and trade at weekly lows. The barrel of WTI (trading platforms) went from trading above $97.00 on Tuesday to touching $86.89, the lowest since August 22 on Thursday. […]
Italy’s industry lobby warns of ‘financial earthquake’ from energy prices
Italy must respond to an “economic earthquake” from rising energy costs, the head of the country’s business lobby said on Thursday, adding that companies could not afford to wait for a new government to get more help. The head of Confindustria, Carlo Bonomi, called for a cap on the price of natural gas “if not […]
Oil: WTI plunges more than 3% to lows in a week
Expectation of greater surplus in the oil market and risk aversion pull prices down. WTI barrels went from highs in almost a month to lows in more than a week in a few hours. The prices of Petroleum they are falling significantly for the second day in a row and are at their lowest in […]
UBS: What options does the EU have to support the energy market – The best solution
Her Eleftherias Kourtalis The options of the E.E. to support the energy market, UBS examines, concluding which solution would be the best for the region. On Monday, European Commission President Ursula von der Leyen said “the surge in electricity prices now exposes the limitations of the current electricity market design” and promised “urgent intervention and […]
Zakharova: The German government is doing everything it can to break all energy ties with Russia
LAST UPDATE: 10.47 Russia noted on Wednesday that the German government is “doing everything it can to destroy energy relations with Moscow”, hours after Russian state energy giant Gazprom halted energy supplies to Europe via the Russian-German Nord Stream 1 pipeline. . During a press briefing in Moscow, Russian Foreign Ministry spokeswoman Maria Zakharova said […]
EUR/USD: Main Bearish Message Remains – Credit Suisse
EUR/USD has managed to regain parity again. Talk of a 75 basis point rate hike from the European Central Bank (ECB) and positive energy developments in Europe have supported the single currency. However, the Credit Suisse economists maintain their target of 0.9700 for EUR/USD at the end of the third quarter. Positive evolution of the […]
French Minister of Energy: We have prepared for the Russian gas cut
The French Energy Minister Agnès Pannier-Runacherdeclared on Wednesday that Russia is using the gas as a weapon of war “just as we had planned.” Featured Statements Russia is further reducing French supplies based on that assumption. France has been ready and prepared for such a scenario. The country is already reducing its exposure to Russian […]