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Daily (24.11.2021): British gas prices spiked on Tuesday amid U.S. new sanctions on Nord Stream 2
Oil prices soared to hit one-week high on Tuesday as the statement by President Joe Biden that the administration will tap the Strategic Petroleum Reserve to calm 2021′s rapid rise in fuel prices fell short of some expectations. Hence, Brent crude increased by $2.61, or 3.3%, to settle at $82.31. U.S. WTI crude climbed by $1.75, or 2.3%, to settle at $78.50 a barrel.
read more... 24/11/2021
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EU gas market overhaul puts consumers, hydrogen at the centre
A draft European Commission proposal to overhaul the EU gas market introduces new rights for consumers to choose their supplier but stops short of setting the targets demanded by industry to ramp up the consumption of renewable and low-carbon gases.
read more... 24/11/2021
E.ON to invest Eur27 billion by 2026 into Europe's energy transition
Europe's biggest energy network operator E.ON plans to invest some Eur27 billion ($30.4 billion) in the energy transition over the five years to 2026, the Germany-based utility said Nov.23.
read more... 24/11/2021
EU strategy seeks to remove carbon from atmosphere
The European Commission will reward green farming practices like afforestation and soil conservation while putting rules to identify activities that “unambiguously remove carbon from the atmosphere” under draft proposals seen by EURACTIV.
read more... 24/11/2021
Daily (23.11.2021): European carbon prices climbed to a new record high on Monday despite gas declines
Crude oil prices rebounded to some extent on Monday but remained under pressure after Japan said it was considering releasing oil reserves and as the COVID-19 situation in Europe deteriorated, raising concerns about both oversupply and weak demand. The gains were attributed to new rumors that the OPEC countries, especially Saudi Arabia, are reconsidering the production agreement they reached a few weeks ago, if the US and China indeed release oil reserves
read more... 23/11/2021