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Daily (21.12.2023): European carbon prices marked their largest daily gain in 11 months on Wednesday, driven by fund position adjustments and bullish gas prices
On Wednesday, oil prices sustained their upward trend, partially influenced by tensions in the Red Sea. However, the increase in US crude and gasoline inventories limited the gains. Consequently, Brent crude rose by around 0.6% to close at $79.70, and WTI crude ended at $74.22 per barrel, 0.4% higher day-on-day.
read more... 21/12/2023
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26 countries sign ‘European Wind Charter’ to shield EU industry
All EU countries except Hungary have signed a joint declaration to protect Europe’s wind industry from “unfair trade practices” coming from Chinese manufacturers.
read more... 21/12/2023
EU to extend emergency gas price cap for another year
The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan on Tuesday.
read more... 20/12/2023
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Germany's Sefe, Norway's Equinor strike $55 billion gas supply deal
German state-owned energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy, the companies said on Tuesday.
read more... 20/12/2023
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Seven European countries pledge CO2-free power systems by 2035
Seven countries including Germany, the Netherlands and France pledged on Monday to eliminate CO2-emitting power plants from their electricity systems by 2035.
read more... 19/12/2023