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EU carbon market blurred by volatile prices and speculation, Greens warn
The EU needs to tackle design flaws and speculation on its carbon market to ensure the price of emissions remains high and becomes a more effective tool to drive decarbonisation, according to a report by the Greens in the European Parliament.
read more... 04/02/2022
Daily (27.01.2022): European carbon prices gained around 1.4% on Wednesday, amid an increase in traders positions on the market and strong auction results
Crude oil prices rose on Wednesday, as a conference of Russian, Ukrainian, French, and German negotiators in Paris failed to produce any concrete results. In addition, the weekly EIA report revealed a decrease in US strategic oil reserves, driving prices higher. Despite an increase in weekly crude stockpiles, both Brent oil and WTI crude jumped by 2% to $89.96 a barrel and $87.35 a barrel, respectively.
read more... 27/01/2022
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Denmark Installs World's Largest Wind Turbine, Capable Of Giving Electricity To 18K Houses
Denmark has launched the world’s largest wind turbine in Thy. The wind turbine is 271-metre high and manages to generate electricity for 18,000 households, reported DR.DK. The world’s largest wind tribune stands tall at the National Test Center in Osterild in Thy and it is one of the tallest freestanding structures in Denmark.
read more... 03/01/2022
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Foul play on the Bulgarian gas market profits Russia
The Bulgarian state-owned gas import company Bulgargaz wrote to the State National Security Agency (DANS) to report that competing interests seek to sabotage by jeopardising the agreement between Bulgaria and Azerbaijan on importing 1 billion cubic meters of gas per year. EURACTIV Bulgaria reports.
read more... 29/12/2021
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Daily (17.12.2021): European front-year electricity prices skyrocketed on Thursday amid French nuclear concerns
Crude oil prices extended gains on Thursday after the U.S. reported its biggest drop in crude inventories since September. Furthermore, a weaker Dollar also lent support to prices. Hence, Brent crude rose by $1.14, or 1.5%, to settle at $75.02 per barrel. U.S. WTI crude increased by $1.51, or 2.13%, to settle at $72.38 per barrel.
read more... 17/12/2021