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Daily (21.12.2022): Carbon prices surpassed the 90 EUR/tonne threshold on Tuesday amid steady buying in thin trade
Crude oil prices increased modestly on Tuesday, spurred by a softer dollar and a U.S. plan to restock petroleum reserves. However, gains were capped by uncertainty over the impact of rising COVID-19 cases China. Brent crude added 0.2%, to settle at $79.99 per barrel. Meanwhile, U.S. WTI crude rose by 1.4% to $76.23 per barrel.
read more... 21/12/2022
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Brussels approves German state takeover of gas giant Uniper
The European Commission on Tuesday (20 December) conditionally approved the nationalisation of troubled German gas giant Uniper after it was pushed to the brink of collapse following Russia’s invasion of Ukraine.
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UK government sets out detail of tax on electricity producers
Britain's finance ministry set out details on Tuesday of a temporary 45% tax on excess profits made by some electricity generating companies after Jan. 1.
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Equinor plans to invest $1.3 billion in Hammerfest LNG upgrade and electrification
Norwegian energy player Equinor and its partners in the Snøhvit project have revealed plans to invest NOK 13.2 billion (around $1.3 billion) in upgrading the Hammerfest LNG (HLNG) plant at Melkøya with onshore gas compression and electrification.
read more... 21/12/2022
Daily (20.12.2022): European gas and power prices fell on Monday as cold weather eases
Crude oil prices increased on Monday amid renewed optimism of China easing Covid restrictions. The news that the U.S. will start to buy crude to fill their Strategic Petroleum Reserve has lent further support to oil markets. Hence, Brent crude gained about 1% to settle at $79.80 a barrel. Meanwhile, U.S. WTI crude rose by 1.2% cents to end at $75.19 a barrel.
read more... 20/12/2022