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Daily (21.06.2023): European carbon prices soared to a two-month high on Tuesday ahead of June options contract expiry
Oil prices retreated slightly on Tuesday, despite a key interest rate cut in China designed to boost demand, as investors focused on the country's fragile economic health. Thus, WTI crude settled at $71.19 a barrel, while Brent crude ended at $75.90 a barrel.
read more... 21/06/2023
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Swedish parliament passes new energy target, easing way for new nuclear power
Sweden's parliament on Tuesday adopted a new energy target, giving the right-wing government the green light to push forward with plans to build new nuclear plants in a country that voted 40 years ago to phase out atomic power.
read more... 21/06/2023
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UK Government to backtrack on new coal mine ban
The UK Government will backtrack on plans to include a ban on opening new coal mines in its updated Energy Bill currently moving through Parliament, the BBC reports.
read more... 21/06/2023
EU renewable H2 definition to enter into force in July
The EU's delegated act defining renewable hydrogen is bound to enter into force next month, after it was published in the bloc's official journal on 20 June.
read more... 21/06/2023
Daily (20.06.2023): European long-term power and gas prices have stabilised on Monday
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023