The Organization of the Petroleum Exporting Countries (OPEC) has offered Russia to become its member, but Russia will remain an observer in the group, Rosneft CEO Igor Sechin has said. Due to climate, Russia is unable to regulate oil production swiftly, he added. Source: Tass
French Prime Minister Jean Castex on Thursday said a block on household gas prices would be extended until end-2022 and that low- and middle-income earners would receive an “inflation premium” of 100 euros to help mitigate the impact of rising energy prices. Source France24
Germany, Finland, the Netherlands, Portugal and Slovenia said their EU-wide initiative to expand the bloc’s military units was inspired by recent events in Afghanistan. Germany and four members of the European Union have launched an initiative to establish a bloc-wide rapid reaction force for future military crises, the German news agency dpa reported on Thursday. Source DW
The head of Scottish Power has said Britain’s gas crisis will keep driving energy bills higher until 2023, and could leave only five or six of the strongest suppliers standing.
Keith Anderson, chief executive of Scottish Power, said the UK’s record energy prices could mean households faced another 18 months of rising bills and that even well-run energy suppliers could go bust. Source The Guardian
