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Daily (11.09.2023): European carbon prices plunged to their lowest level in three months on Friday, amid abundant supply and sluggish demand
Oil prices resumed their upward trend on Friday, boosted by the low level of US crude inventories, further tightening a market already worried about supply shortages. As a result, Brent crude edged 0.8% higher at $90.65 a barrel, while WTI crude rose by 0.7% to $87.51 a barrel.
read more... 11/09/2023
EU commission chief asks G20 to join global carbon pricing
The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing.
read more... 11/09/2023
Offshore wind drops out of UK auction on costs, risking climate goals
Offshore wind developers stayed away from Britain's latest renewable energy auction on Friday, arguing the price offered by the government did not reflect rising industry costs, something which is hampering wind projects globally.
read more... 11/09/2023
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Pro-nuclear MEPs defy EU Parliament on electricity market reform
Members of European Parliament, led by French centrist MEP Christophe Grudler, are preparing to challenge the Parliament’s stance on EU electricity market reform, with a formal “objection” due to be presented next Tuesday (12 September).
read more... 11/09/2023
Daily (08.09.2023): British gas prices turned bullish on Thursday amid concerns about strike actions in Australia and limited LNG supply
Crude oil prices lost ground on Thursday due to concerns about economic growth in both the United States and China, which overshadowed the impact of extended supply cuts by Saudi Arabia and Russia. Hence, Brent crude traded around 1% lower at $89.92 a barrel. Meanwhile, U.S. WTI crude fell by 0.8% to end at $86.87 a barrel.
read more... 08/09/2023