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EU reaches deal on higher renewable energy share by 2030
The European Union reached a provisional deal on Thursday on higher renewable energy targets, an important pillar of the bloc's plans to fight climate change and end dependence on Russian fossil fuels.
read more... 30/03/2023
EU plans early carbon market auctions from July
The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening.
read more... 28/03/2023
Record $63 billion raised from carbon allowance sales in 2023
Governments globally raised a record $63 billion from the sale of carbon allowances in emission trading systems in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report said on Wednesday.
read more... 22/03/2023
Daily (17.03.2023): European year-ahead power prices gained ground on Thursday tracking higher gas prices
Crude oil prices settled higher on Thursday following the news that Saudi Arabia and Russia met to discuss ways to improve market stability. Hence, Brent crude increased by 1.4% to $74.70 a barrel. At the same time, WTI crude gained 1% to end at $68.35 a barrel.
read more... 17/03/2023
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US crude oil exports hit record high in 2022, EIA data shows
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023