IEA’s Birol warns of ‘black April’ in global energy crisis
The energy crisis surpasses the shocks of 1973, 1979 and 2022 combined, said the IEA's chief Fatih Birol and warned of "a black April"
EU seeks coordinated action amid fears of prolonged energy supply disruption
Although the EU’s energy supplies are not under immediate threat, the bloc must prepare for a prolonged crisis and reduce oil demand, the energy commissioner warned
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
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