G7 News
Electricity prices surpass 200 Euros/MWh for the first time since 2022
Electricity prices will reach 201.99 euros/MWh on Tuesday, peaking at 281.31 euros/MWh between 9 PM and 10 PM due to increased demand and rising gas costs.
Oil prices drop as Middle East supply increases
Oil prices fell as increased crude oil exports from the Middle East and the G7's decision to release strategic reserves impacted the market. Concerns over potential damage to Gulf oil infrastructure amid the US-Israel conflict with Iran were balanced by these developments.
G7 releases oil reserves but doubts on price reduction remain
The G7 countries have decided to release 100 million barrels of oil and diesel reserves, but experts doubt it will lead to a sustainable reduction in fuel prices. This move is seen as a market signal rather than a long-term solution.
