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Daily (15.08.2022): European carbon prices climbed to a fresh six-week high on Friday amid reduced auction supply
Crude oil prices declined on Friday amid concerns that supply disruptions in the American Gulf of Mexico would be temporary, while recession worries cast doubt on the prospects for demand. Hence, Brent crude fell by $1.45, or 1.5%, to settle at $98.15 a barrel. U.S. WTI crude dropped by $2.25, or 2.4%, to settle at $92.09 a barrel.
read more... 15/08/2022
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Germany reaches 75% gas stocks target ahead of schedule
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday.
read more... 15/08/2022
CATL to build $7.6B Hungary battery plant to supply Mercedes, BMW
China's CATL plans to build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
read more... 15/08/2022
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Britain considers energy bill subsidy for industrial firms
Britain is considering plans to subsidise power bills for energy intensive industries such as steel and cement, in an effort to support hundreds of businesses facing record high energy prices.
read more... 15/08/2022
Daily (12.08.2022): EUAs soared to a six-week high on Thursday as energy markets continued to be robust and prices continued to set records
Oil prices rose on Thursday as a result of an increase in the International Energy Agency's forecast for this year's growth in oil demand as some consumers switch to oil due to rising natural gas prices. Consequently, WTI crude jumped by 2.6% to $94.34 a barrel and Brent crude increased by 2.3% to settle at $99.60 a barrel.
read more... 12/08/2022