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EU carbon reserve to be instituted in 2018, effective as of 2021
A carbon market reserve to eliminate surplus from the EU Emissions Trading System (ETS) should be instituted in 2018 and effective from 2021, as indicated in the text of the latest concession offer put forward by the Latvian EU presidency.
read more... 17/03/2015
Croatia might go for referendum on Adriatic gas and oil
Croatia might hold a referendum on the planned exploitation of possible gas and oil wells in the Adriatic, as stated by Prime Minister Zoran Milanovic on Monday, replying to increasing criticism from eco-friendly groups.
read more... 17/03/2015
Daily: Crude oil prices fell 9% on the week
Global oil prices plunged on Friday and declined 9% on the week, touched by a renewed hike in the dollar and a warning by the International Energy Agency (IEA) that the oil oversupply is growing. Benchmark Brent oil closed at near a one-month low below $55 a barrel and US crude settled near a 2-1/2 month low under $45. Brent closed at $54.67, declining $2.41, or 4.2%, on the day. WTI crude ended at $44.84, down $2.21, or 4.7%.
read more... 16/03/2015
Russia to construct Macedonia gas pipeline, potential Turkey route connection
Russia's Stroitransgaz declared on Thursday it will construct a gas pipeline across Macedonia, which might eventually be used as part of a route to provide Russian gas to Europe via Turkey.
read more... 16/03/2015
BP inks $12 billion energy agreement in Egypt
Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015