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EU says it is prepared for partial disruption of Russian gas flows
The European Union would be able to cope with a partial disruption to gas imports from Russia, European Commission President Ursula von der Leyen said.
read more... 16/02/2022
Audi and Chinese partner win approval for $3.3B EV venture
Volkswagen Group's Audi premium brand and its Chinese state-owned partner FAW Group have received approval from Chinese authorities to start construction on their $3.3 billion electric vehicle joint venture plant, according to a government notice.
read more... 16/02/2022
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Sweden sets plan for up to 120 TWh of offshore wind power capacity
Sweden presented plans on Tuesday to build offshore wind power plants that will generate 20-30 terawatt hours (TWh) per year, with an aim to reach 120 TWh at a later stage.
read more... 16/02/2022
Daily (16.02.2022): Energy markets turned bearish on Tuesday as Putin downplayed any intention to invade Ukraine
Oil prices fell on Tuesday, retreating from a seven-year high as worries of an impending war between Russia and Ukraine dissipated following reports that Moscow had withdrawn some troops from its borders. Hence, Brent crude fell by $3.20, or 3.3%, to settle at $93.28 a barrel. U.S. WTI crude dropped by $3.39, or 3.6%, to end at $92.07 a barrel.
read more... 16/02/2022
EU in balancing act over carbon border levy
The European Commission’s proposed Carbon Border Adjustment Mechanism is meant to replace free allowances distributed to industry under the existing EU ETS, but European steelmakers worry the transition will be a mess and leave them without protection from foreign competitors.
read more... 15/02/2022