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Daily (23.02.2023): Oil prices extended their losses on Wednesday, dragged down by fears of a slowdown in the global economy
On Wednesday, concerns about global growth escalated due to expectations of more aggressive interest rate increases by central banks, which have put further pressure on crude oil prices leading to a two-week low. As a result, Brent crude oil dropped by 3%, to settle at $80.60 per barrel.
read more... 23/02/2023
Daily (22.02.2023): EUAs expiring in Dec23 surpassed 100 €/tonne on Tuesday for the first time in the 18-year history of the European market
Oil prices fell on Tuesday, amid concerns about the global economy and prospects of another US interest rate hike. As a result, Brent crude oil declined by 1.3% day-on-day to settle at $83.05 a barrel.
read more... 22/02/2023
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No electricity market reform ahead of EU elections, Berlin insists
While Brussels works on its reform of the EU’s electricity market, with backing from the likes of France and Spain, Germany is pushing to delay the overhaul until after the 2024 EU elections.
read more... 21/02/2023
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Countries warn EU against 'crisis mode' overhaul of energy market
Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg and Latvia have warned Brussels not to rush into major changes to the European Union's electricity market in response to the energy crisis, calling instead for limited tweaks to the system.
read more... 14/02/2023
Europe's spend on energy crisis nears 800 billion euros
BRUSSELS, Feb 13 - European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.
read more... 13/02/2023