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Daily (24.03.2022): Oil prices gained over 5% on Wednesday, on prospects of more sanctions against Russian oil and a drop in US commercial crude reserves
Crude oil prices increased sharply on Wednesday, amid anticipations of additional sanctions against Russia ahead of several key international summits. Moreover, US commercial crude stocks dropped by a larger-than-expected amount, lending additional support. Hence, Brent oil surged by 5.3% to $121.60 a barrel and WTI crude rose by 5.2% to $114.93 a barrel.
read more... 24/03/2022
Germany's Scholz reiterates opposition to immediate EU sanctions on Russian energy imports
German Chancellor Olaf Scholz reiterated March 23 his opposition to any immediate curbs on EU imports of Russian fossil fuels, warning that any such moves would plunge the region into an economic recession.
read more... 24/03/2022
EU approves €95m Polish aid for LG Chem’s EV battery plant expansion
The new plant is expected to supply batteries for more than 295,000 EVs every year in the European Economic Area
read more... 24/03/2022
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EC proposes EU gas storage must be 80% full by 1 November
EU gas storage must be at least 80% full by 1 November as part of efforts to tackle surging prices and ensure supplies for next winter, the European Commission proposed on Wednesday.
read more... 24/03/2022
Daily (23.03.2022): European carbon prices climbed to a six-day high on Tuesday ahead of options expiry
Oil prices fell marginally on Tuesday as it appeared improbable that European Union countries would join the US in imposing a Russian oil embargo in response to the country's invasion of Ukraine. Brent crude slipped by 0.2% to settle at $115.48 a barrel. U.S. WTI crude ended 0.3%, lower at $111.76.
read more... 23/03/2022