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Germany’s gas tariff puts EU energy solidarity at risk
Germany’s levy on cross-border gas trading puts the EU’s energy solidarity at risk and hurts efforts to cut the bloc’s reliance on Russian gas, the bloc’s energy commissioner and deputy Czech PM told reporters on Monday (4 March) following a meeting of EU energy ministers.
read more... 06/03/2024
Daily (29.02.2024): Forecasts of colder weather and reduced Norwegian supply drove the energy complex higher on Wednesday
Oil prices posted mixed evolution on Wednesday, driven by ongoing geopolitical tensions and a 4.2-million-barrel build in US crude inventories. As a result, Brent crude stabilised at $83.68 a barrel, and WTI crude retreated by 0.4% to settle at $78.54 a barrel.
read more... 29/02/2024
Germany to expand carbon capture and storage
Germany will change its CO₂ storage law to accommodate carbon capture and storage (CCS) for certain industrial sectors that were previously unable to use the technology.
read more... 29/02/2024
Daily (26.02.2024): European carbon prices slumped to their lowest level in 31 months on Friday
On Friday, oil prices tumbled. The decline was largely attributed to diminishing expectations that the US Federal Reserve would lower interest rates as quickly as the market had initially anticipated. Furthermore, the strength of the US dollar contributed to this sentiment. Consequently, Brent crude stood at $81.62 a barrel, and WTI crude settled at $76.49 a barrel, both contracts dropping by more than 2% day-on-day.
read more... 26/02/2024
EU carbon border tax will do little to cut emissions
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday.
read more... 26/02/2024