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Daily (25.04.2024): European carbon prices rose on as Commitment of Traders' data failed to boost sentiment
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
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Europe is not meeting its cross-border grid connection goals
As EU energy ministers meet in Brussels to discuss grid expansion, the EU electricity market watchdog ACER warned on Friday (12 April) that Europe’s key grid connections are not sufficiently dedicated to electricity trading between neighbouring countries.
read more... 16/04/2024
Daily (15.04.2024): Carbon prices surpassed the 70 EUR/tonne mark on Friday
Oil prices rose on Friday to their highest level in more than five months, boosted by the prospect of an Iranian retaliation against Israel and the possibility of a disruption in the supply of black gold. Brent crude increased by 1% to $90.45 a barrel, while WTI crude experienced a similar 1% rise to $85.66 a barrel.
read more... 15/04/2024
Daily (12.04.2024): Carbon prices surpassed the 65 EUR/tonne mark on Friday
On Thursday, oil prices retreated amid reports of rising US weekly inventories and higher US inflation. Brent crude dropped by 1% to $89.74 a barrel, while WTI crude experienced a similar 1% decrease to $85.02 a barrel.
read more... 12/04/2024
EU Parliament approves deal on world’s first carbon removal certification scheme
The new rules establish a registry for certified units of carbon dioxide, which have been removed from the atmosphere via industrial or nature-based processes.
read more... 12/04/2024