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Daily (27.03.2023): Oil prices declined by 1% on Friday amid renewed worries over the U.S. and European banking sectors
Crude oil prices retreated on Friday immediately after the United States ruled out restocking the Strategic Petroleum Reserve (SPR), while fears of banking contagion resurfaced. Hence, Brent crude decreased by 1.2% to settle at $74.99 a barrel. Meanwhile, U.S. WTI crude settled 1% lower at $69.26 a barrel.
read more... 27/03/2023
Germany, Denmark eye land-based green H2 pipeline by 2028\
Denmark and Germany want to build a land-based cross-border hydrogen pipeline that should be operational by 2028, German economy and climate minister Robert Habeck said on Friday after meeting his Danish counterpart, Lars Aagaard.
read more... 27/03/2023
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Nuclear not ‘strategic’ for EU decarbonisation
European Commission President Ursula von der Leyen outlined limits to EU backing for nuclear power under the bloc’s Net-Zero Industry Act, which seeks to support home-made production of clean technologies like batteries and solar panels.
read more... 27/03/2023
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Croatia talks up regional gas hub plan
Croatian prime minister Andrej Plenkovic has reiterated his country's aim to become a regional gas hub, although plans are still at an early stage and EU funding has yet to be secured.
read more... 27/03/2023
Daily (24.03.2023): European carbon prices reached their highest intraday level in six days on Thursday amid continued compliance purchase and persistent buying
Oil prices ended a run of three consecutive bullish days on Thursday, dragged down by statements from the U.S. Energy Secretary, who postponed purchases of crude to rebuild U.S. strategic reserves until at least next year. Thus, Brent crude fell by 1% to $75.91 a barrel.
read more... 24/03/2023