Prices in the national electricity market averaged $87 per megawatt-hour in the first three months of the year, above the level promised by the federal government. Wholesale electricity prices for industry and large businesses have already exceeded t…
The European Union is seeking to boost energy cooperation with African countries to help wean them off dependence on Russian gas imports.Bloomberg said, recently, according to a draft EU file, African countries, especially in western Africa Nigeria,…
As the world deals with potential supply shortages, oil prices are soaring again, with more dramatic spikes and sudden drops expected.For consumers, that means more expensive gas for longer - prices at the pump remain above $4 a gallon. For the econo…
Gazprom recently said it had completely suspended gas supplies to Bulgarian Gas company and Polish Oil and Gas Company (PGNiG) because it was not being paid in rubles. Russia said it would resume gas supplies after it agreed to pay for them in ruble…
OPEC+, an oil producers' alliance led by Saudi Arabia and Russia, stuck to its original plan to increase output by just 432,000 b/d in June, continuing to defy calls from major consumers led by the United States to pump more oil to keep prices down.…
Polaris Energy Storage Network News: In order to ensure the supply and price of lithium resource products, and promote the healthy development of the new energy vehicle and power battery industries, the Ministry of Industry and Information Technology…
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