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Daily (21.03.2022): European carbon prices snapped eight straight sessions of gains on Friday amid profit-taking
Crude oil prices increased on Friday amid expectations that Russian oil production will decline sharply in the coming weeks following Western sanctions on technology transfers and financing options for Russian oil companies. Hence, Brent crude settled 1.2% higher at $107.93 a barrel. U.S. WTI crude rose by 1.7% to end at $104.70 a barrel.
read more... 21/03/2022
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Germany goes on a mission to secure supplies of Qatari gas
Germany’s Vice-Chancellor Robert Habeck visited Qatar over the weekend in a bid to secure alternatives to Russian gas supplies, with little chance of immediate success in a country seen with suspicion in Germany for its human rights violations.
read more... 21/03/2022
Key lawmaker pushes 10% ‘low-carbon hydrogen’ target in EU renewables law
The lawmaker in charge of drafting the European Parliament’s position on the EU’s recast renewable energy directive is pushing to include a 10% target for “low-carbon hydrogen” as part of efforts to kick-start the EU market.
read more... 21/03/2022
High energy costs intensify debate over EU plan to decarbonise heating and transport
A European Union plan to charge fuel suppliers for the CO2 emitted by cars and heating buildings is emerging as the most contentious element in a raft of climate change policies the bloc’s member states are negotiating this year.
read more... 21/03/2022
Daily (18.03.2022): Oil prices surpassed again $100 a barrel on Thursday amid risk of supply shortfall
Oil prices climbed back above $100 a barrel on Thursday as risks of a Russian supply shortfall are increasing amid doubts that a resolution between Russia and Ukraine will be reached in the near term. Hence, Brent crude soared by 8.8%, to settle at $106.64 a barrel, its largest percentage gain since mid-2020. U.S. WTI crude increased by 8.4%, to close at $102.98 a barrel.
read more... 18/03/2022