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EU plans first joint gas buying before winter
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.
read more... 24/05/2022
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Germany and Italy approved Russian gas payments after nod from Brussels
Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
read more... 24/05/2022
Daily (24.05.2022): European carbon prices extended losses to 5-week low on Monday amid weak auctions, uncertainty over reform
Oil prices settled marginally higher on Monday as fears of a future recession competed with the prospect of stronger fuel demand due to the forthcoming summer driving season in the United States and Shanghai's preparations to reopen after a two-month coronavirus quarantine. Hence, Brent crude rose by 87 cents, or 0.7%, to $113.42 a barrel. U.S. WTI crude steadied at $110.29 per barrel.
read more... 24/05/2022
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(Daily 23.05.2022): EUA prices fell to their lowest level in a month on Friday in the wake of the EU decision to release more allowances
Oil prices increased modestly on Friday due to strong demand and increased supply concerns, as Europe continues to restrict Russian oil. As a result, Brent crude gained 0.5% to end at $112.55 a barrel.
read more... 23/05/2022
EU lawmakers move to block green investment label for gas and nuclear
European Union lawmakers will attempt to block a plan to label gas and nuclear energy as sustainable investments as Europe wrestles with reducing its carbon dioxide emissions to address climate change.
read more... 23/05/2022