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How trading in the EU carbon market works
The ETS is the largest carbon market in the world, worth around $148 billion last year. It covers around 12,000 installations, such as factories and power plants in the 27-member European Union. Since Jan. 1 2012, the aviation sector was also included in the scheme. Around 85% of permits were given to airlines for free in 2012, but this free allocation will be reduced over the period 2013-2020. Many airlines have opposed inclusion in the scheme.
read more... 16/04/2013
Daily: UK prompt gas extend losses on warmer weather
Brent crude oil futures dropped on Wednesday, pulled down by a steep sell-off in U.S. gasoline futures after a U.S. government report indicated a surprisingly build in domestic gasoline inventories, while a strong U.S. equities market brought oil prices some support. Meanwhile, U.S. crude oil prices moved independently and posted a gain on the day, at one point gaining more than 60 cents from Tuesday's close.
read more... 11/04/2013
Daily: Crude oil prices down on U.S jobless claim
Brent crude oil prices hit a five-month low, touching near $105 a barrel on Thursday following a U.S. jobless claim, prompting a second day of widespread selling in oil markets. Brent crude settled down 77 cents at $106.34 a barrel, while U.S. crude oil futures settled at $93.26, down $1.19 but also more than a dollar above the day's low. U.S. gasoline futures settled down almost 2 cents at $2.90 a gallon.
read more... 05/04/2013
Romania intends to cut support to renewable energy
Romanian energy market regulator ANRE, has announced on Friday, that Romanian government will cut its support for renewable energy, in particular for wind, solar and small hydro renewable energy projects. Romania's support scheme gives renewable power producers green certificates for each megawatt produced. Providers must get a rising percentage of the power they sell from renewable energy and buy certificates to meet these goals.
read more... 02/04/2013
Daily: UK gas increases to record levels on pipeline halting
Brent crude oil futures increased on Friday in choppy trading on uncertainty about the financial turmoil in Cyprus which hit markets and on the back on weaker dollar which added support. Meanwhile, Brent May crude boosted 19 cents, or 0.18 percent, to settle at $107.66 a barrel, having traded from $106.90 to $107.96, however registering a weekly loss of $2.16, or 1.9 percent.
read more... 25/03/2013