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Daily (12.04.2024): Carbon prices surpassed the 65 EUR/tonne mark on Friday
On Thursday, oil prices retreated amid reports of rising US weekly inventories and higher US inflation. Brent crude dropped by 1% to $89.74 a barrel, while WTI crude experienced a similar 1% decrease to $85.02 a barrel.
read more... 12/04/2024
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European Parliament adopts ‘patchwork’ power market reform
The EU’s overhaul of the power market design, sparked by the 2022 energy crisis, was approved by Parliament, paving the way for new price stablisation rules to become law.
read more... 12/04/2024
EU Parliament approves deal on world’s first carbon removal certification scheme
The new rules establish a registry for certified units of carbon dioxide, which have been removed from the atmosphere via industrial or nature-based processes.
read more... 12/04/2024
EU Parliament approves legal option to block Russian LNG imports
The European Parliament voted on Thursday to pass rules allowing European governments to ban Russian liquefied natural gas (LNG) imports, by preventing Russian firms from booking gas infrastructure capacity.
read more... 12/04/2024
Daily (11.04.2024): Crude oil prices rose by 1% on Wednesday as Gaza cease-fire hopes fade
Oil prices rose by $1 on Wednesday following the news that three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip. This development raised concerns that ceasefire negotiations could face obstacles. Hence, Brent crude settled at $90.48 a barrel, while WTI crude ended at $86.21 a barrel. Oil prices rose by $1 on Wednesday following the news that three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip. This development raised concerns that ceasefire negotiations could face obstacles. Hence, Brent crude settled at $90.48 a barrel, while WTI crude ended at $86.21 a barrel.
read more... 11/04/2024