Brexit impact on energy markets could be ‘limited’, study says

referring to Brexit could have a limited effect on energy markets in both the United Kingdom and the European Union, according to a new study that is optimistic about the future of energy policy. By focusing on the UK's energy interconnections with Ireland, France, the Netherlands and Belgium, the study authors were able to predict what the state-of-play could be in 2025. Although future plans for integration could be limited by Brexit, the interconnector capacity already under construction "dwarfs" this potential, they claim. Irish lawmakers have now touted the plan as an "obvious solution" to Ireland's energy reliance on a post-Brexit United Kingdom. The study acknowledged that it is difficult to predict the effect of Brexit on the EU-27's energy policy but speculated that the loss of the UK could change its future direction.

King Salman, President Putin discuss efforts to stabilize energy markets

JEDDAH: Saudi Arabia's King Salman and Russian President Vladimir Putin reviewed bilateral and mutual efforts to stabilize energy markets and means to promote such joint actions in a call on Tuesday, the Saudi Press Agency reported.The pair discussed relations binding their two countries and chances to enhance them, in addition to latest regional developments and efforts exerted, in this regard, along promoting joint endeavors to combat extremism and fight terrorism, in order to bring about regional security and stability.

Putin, Saudi king, stress need to coordinate over energy markets -Kremlin

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collected by :Victor Alphen