Mervar: Electricity prices 40% higher until end-2026
ELES CEO Aleksander Mervar prepared a brief analysis of electricity price trends in light of the war in the Middle East
Bulgaria plans scheme to subsidize electricity prices for businesses
On Bulgaria's power exchange, IBEX, the day-ahead price for April 2 reached EUR 136.6 per MWh, compared to EUR 67.5 per MWh on February 27
Brent oil on track for highest-ever monthly jump in March
The Middle East war shook the oil market, with the benchmark Brent crude oil price spiking more than 55% since the end of February
US extends deadline for MOL’s acquisition of NIS in Serbia
OFAC approved an extension until May 22 of the talks on MOL Group's proposal to buy Gazprom's majority stake in Serbian NIS
Balkan countries mitigating fuel shock with export bans, excise cuts
Governments in Southeastern Europe are rolling out short-term measures to maintain fuel supply and limit the surge in prices at the pump
IEA urges demand-side measures to ease energy crisis from Iran war
The escalating energy crisis from the Iran war can be eased with a range of demand-side measures spanning transportation, cooking and industrial production
Historic oil, gas price spike amid attacks on Gulf production sites
European gas prices skyrocketed more than 30% and Brent oil rallied almost to a four-year high as production facilities in the Gulf are increasingly targeted
Oil seen at USD 190 per barrel by May if Hormuz isn’t reopened – analysis
As much as USD 3.5 trillion of global GDP is at risk in case of a prolonged Hormuz closure, which would also imply an oil price spike, SolAbility found