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EU hopeful for Russian oil embargo deal in May
The European Union still aims to agree a phased embargo on Russia oil this month despite concerns about supply in eastern Europe, four diplomats and officials said on Friday, rejecting suggestions of a delay or watering down proposals.
read more... 16/05/2022
(Daily 13.05.2022): Gas prices have risen on supply concerns after a drop in Russian gas volumes
The Brent crude oil price stayed unchanged at $107.45 per barrel, as consistent Russian oil exports counterbalanced weaker Chinese demand.
read more... 13/05/2022
EU readies 195 billion euro plan to quit Russian fossil fuels
The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show.
read more... 13/05/2022
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Snam signs deal to study Spain-Italy gas pipeline
Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.
read more... 13/05/2022
‘Politically-driven’ EU carbon market needs more transparency
The European Union’s flagship climate policy instrument, the Emissions Trading Scheme (ETS), needs more monitoring and transparency in order to prevent “speculation about speculation” and restore political confidence in the market, analysts have said.
read more... 13/05/2022