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EU, Russia and Ukraine to conclude a trilateral gas deal to ensure supply security
Vice President of the European Commission, Maros Sefcovic, said on Tuesday in his recent visit to Kiev, is envisaging inking a trilateral gas deal between Ukraine, Russia and the European Union, which should be valid till the arbitration in Stockholm by the end of the summer. The deal is aimed to ensure security of gas supply for next winter and beyond.
read more... 06/05/2015
Daily: European power prices decline on higher renewable output
Brent crude rallied to a 2015 high before closing down with WTI crude on Monday after the Saudi Arabia considered halting bombing in Yemen, easing concerns about oil supply from the Middle East. A stronger U.S. dollar also weighed on commodity. Brent crude hit the year's high of $67.10 before settling down just a penny at $66.45 a barrel. Brent was thinly traded as a public holiday in Britain had limited trading volumes. WTI crude declined 22 cents to close at $58.93.
read more... 05/05/2015
NASDAQ plans to eliminate “pillar” of Nordic electricity market
Nasdaq Commodities told traders on Wednesday its clearing house would stop admit non-backed bank guarantees as security next year to comply with EU regulations, eliminating "a pillar" of the Nordic electricity market that could touch 60 percent of its participants.
read more... 30/04/2015
EU solar producers start new action against Chinese competitors
A group of European solar panel producers has placed a new complaint with EU regulators, blaming Chinese competitors of trying to avoid import tariffs by shipping their products via third countries.
read more... 29/04/2015
New EU proposal suggests to launch carbon market reform on January 1, 2019
A new proposal from Latvia, holder of the EU presidency, puts forward a date of January 1, 2019 to launch reforms of the Emissions Trading System (ETS), as part of efforts to close a compromise agreement, according to EU sources.
read more... 28/04/2015