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EU rolls out plan to slash Russian gas imports by two thirds before year end
The European Commission on Tuesday (8 March) presented proposals to reduce the EU’s dependence on Russian gas by two thirds before the end of 2022 as part of a plan to become independent from all Russian fossil fuels “well before 2030”.
read more... 10/03/2022
Daily (09.03.2022): European carbon prices rebounded by over 17% on Tuesday as investors priced in a more emissions-intensive future
Oil prices extended gains on Tuesday, with Brent crude approaching $130 a barrel after the US said it would ban imports of Russian oil and gas – a move matched by a UK phase-out of Russian oil imports. Hence, Brent crude soared by 3.9% to settle at $127.98 a barrel. US WTI crude increased by 3.6% to end at $123.70 a barrel.
read more... 09/03/2022
Daily (08.03.2022): Oil crude prices hit 10-year highs on Monday due to potential ban on Russian oil imports by western nations
Oil prices continued their bullish evolution on Monday. Concerns over a potential ban on Russian oil imports by western nations and no major progress in Ukraine negotiations boosted prices. Consequently, Brent crude surged by 4.3% to settle at $123.21 a barrel. At the same time, WTI crude ended 3.2% higher at $119.40 a barrel.
read more... 08/03/2022
Denmark pledges independence of Russian gas
The Danish government has agreed with main opposition parties to become independent from Russian gas imports amid the intensification of the war in Ukraine, it said on Sunday.
read more... 08/03/2022
Daily (03.03.2022): Gas prices spiked on Wednesday amid fears of disruptions to Russian imports
Oil prices climbed on Wednesday hit their highest levels since 2008 after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady. Hence, Brent crude soared by 7.6% to end at $112.93 a barrel. U.S. WTI crude surged by 7% to settle at $110.60 a barrel.
read more... 03/03/2022