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EU watchdog sees concentration, liquidity risks in gas derivatives
Europe's $4.5 trillion natural gas derivatives market has become less transparent since Russia's invasion of Ukraine and faces risks due to a small number of market players and low liquidity, the European Union's securities watchdog said on Friday.
read more... 15/05/2023
Daily (11.05.2023): Oil prices retreated on Wednesday amid an unexpected increase in U.S. commercial crude oil reserves
Oil prices retreated on Wednesday on the back of an unexpected increase in U.S. commercial crude oil reserves. The impasse over the U.S. debt ceiling also began to worry markets, further weighing on prices. Thus, Brent crude lost 1.3% to settle at $76.41 a barrel. WTI crude dropped by around 1.6% to $72.56 a barrel.
read more... 11/05/2023
Germany, Austria, Italy urge EU to back hydrogen projects
Austria, Germany and Italy have pressed the European Union to support a cluster of infrastructure projects to transport green hydrogen imported from North Africa, as part of efforts to build a market in Europe for the low-carbon fuel.
read more... 09/05/2023
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Acer grants Nordic regulators more time for balancing rules
EU energy regulatory agency Acer has granted Nordic regulators an extra six months to decide on updates to the rules on market-based cross-zonal electricity balancing capacity allocation, it said late on Friday.
read more... 09/05/2023
Mannheim coal plant (425 MW) confirms market exit on 5 June
German power plant operator GKM will end market operation of its coal-fired unit 7 (425 MW) in Mannheim on 5 June, the company confirmed on Monday.
read more... 09/05/2023