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Germany approves gas deal with Italy, Switzerland
Germany’s cabinet on Wednesday approved a trilateral “solidarity” agreement with Italy and Switzerland, through which the nations agreed to support each other during a potential gas supply crisis.
read more... 14/03/2024
Daily (14.03.2024): European carbon prices resumed their decline on Wednesday as investment funds cut short positions less than anticipated
Oil prices rose sharply on Wednesday, boosted by strikes on Russian refineries and a larger-than-expected drop in US crude and gasoline inventories. As a result, the Brent crude oil stood slightly above $84 a barrel, while WTI crude settled at $79.72 a barrel.
read more... 14/03/2024
Norway’s Ambitious Plan to Store Carbon Dioxide in the North Sea
Norway has big plans to pump waste carbon from oil and gas operations and heavy industry under the seabed of the North Sea to be stored safely underground. It believes this method will be key to decarbonizing its fossil fuel activities in the coming years and supporting a green transition. However, some fear that this process cannot be done safely without risk to the environment. Others believe that carbon capture and storage (CCS) is merely a band-aid on a bullet wound and that countries should be fixing their carbon problem at the source rather than mitigating the effects of fossil fuel production. Nonetheless, so long as the world relies on oil and gas, companies will be looking for ways to produce lower-carbon fossil fuels through innovative methods, such as CCS technology.
read more... 14/03/2024
Italy’s Regulated Power Bills Seen Sharply Down Due to Low Gas Prices
Low natural gas prices this winter season will result in significant declines in regulated electricity prices for households in Italy in the second quarter of the year, according to the Italian energy authority ARERA.
read more... 14/03/2024
Daily (12.03.2024) : EUAs lost almost 4% on a daily basis on Monday, tracking bearish gas prices
On Monday, oil prices were rather constant due to uncertainty surrounding the fluctuating demand from China. Brent crude edged 0.2% higher at $82.21 a barrel, while WTI Crude slipped by 0.1% to $77.93 a barrel.
read more... 12/03/2024