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European Parliament adopts ‘patchwork’ power market reform

The EU’s overhaul of the power market design, sparked by the 2022 energy crisis, was approved by Parliament, paving the way for new price stablisation rules to become law.

read more... 12/04/2024

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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

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EU Parliament approves legal option to block Russian LNG imports

The European Parliament voted on Thursday to pass rules allowing European governments to ban Russian liquefied natural gas (LNG) imports, by preventing Russian firms from booking gas infrastructure capacity.

read more... 12/04/2024

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Daily (11.04.2024): Crude oil prices rose by 1% on Wednesday as Gaza cease-fire hopes fade

Oil prices rose by $1 on Wednesday following the news that three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip. This development raised concerns that ceasefire negotiations could face obstacles. Hence, Brent crude settled at $90.48 a barrel, while WTI crude ended at $86.21 a barrel. Oil prices rose by $1 on Wednesday following the news that three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip. This development raised concerns that ceasefire negotiations could face obstacles. Hence, Brent crude settled at $90.48 a barrel, while WTI crude ended at $86.21 a barrel.

read more... 11/04/2024

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EU lawmakers adopt law to hit fossil fuel imports with methane emissions limit

European Union lawmakers on Wednesday adopted a law to place methane emission limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.

read more... 11/04/2024

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