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Germany restarts 16 coal and oil power plants

  • 18 July, 2022
  • 5:28 pm EEST

Germany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed…

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Oil prices rise 3% .. and Brent crude is near 104 dollars

  • 18 July, 2022
  • 3:59 pm EEST

Oil prices rise 3% .. and Brent crude is near 104 dollars Oil prices rose nearly 3% during Monday's trading, supported by a weak dollar and tight supplies. Prices continued to gain, offsetting concerns about a recession and the possibility…

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Gold prices are falling and heading for weekly losses

  • 15 July, 2022
  • 4:21 pm EEST

Gold prices declined during trading today, Friday, July 15, 2022, to continue their path of the fifth consecutive weekly decline. The continued rise in the dollar and fears of higher US interest rates affected the demand for the yellow metal.…

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Oil prices rise 1%, and Brent crude is above $101

  • 15 July, 2022
  • 3:19 pm EEST

Oil prices rise 1%, and Brent crude is above $101 Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US…

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The gas crisis may push Germany to use wood to heat homes in the winter

  • 14 July, 2022
  • 4:28 pm EEST

Deutsche Bank (Germany's bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts' warnings, some homes will…

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