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EU to propose joint gas buying in response to high energy prices
The European Commission will propose a system for EU countries to voluntarily jointly buy gas to form strategic reserves of the fuel, a measure drawn up in response to soaring energy prices, according to a document shared with countries ahead of a summit this week.
read more... 14/12/2021
Europe’s energy price hike fuelled by speculators
In the face of rising energy prices, Spain and Poland have called for trading limits to be placed on the world’s largest carbon market, the EU Emissions Trading Scheme (EU ETS). Market analysts, however, say speculative positions are currently too small to be statistically significant.
read more... 26/11/2021
Daily (24.11.2021): British gas prices spiked on Tuesday amid U.S. new sanctions on Nord Stream 2
Oil prices soared to hit one-week high on Tuesday as the statement by President Joe Biden that the administration will tap the Strategic Petroleum Reserve to calm 2021′s rapid rise in fuel prices fell short of some expectations. Hence, Brent crude increased by $2.61, or 3.3%, to settle at $82.31. U.S. WTI crude climbed by $1.75, or 2.3%, to settle at $78.50 a barrel.
read more... 24/11/2021
EU plans single database to certify carbon content of hydrogen, low-carbon fuels
The European Commission is preparing to launch an EU-wide database to certify the carbon footprint of hydrogen and other low-carbon fuels in a harmonised way.
read more... 19/11/2021
Daily (17.11.2021): Suspended NS2 certification sent British gas prices to fresh record highs on Tuesday
Oil prices ended mixed in a choppy trading on Tuesday, with Brent crude moving higher as Saudi Arabia fuelled supply concerns by saying it would not accelerate production increases. However, concerns about rising Covid-19 cases in Europe limited gains. Hence, Brent crude added 0.5% to settle at $82.43 a barrel. In contrast, WTI crude lost 0.2% to settle at $80.76 a barrel following signals from the Biden administration that it has been considering a release from its emergency crude reserves.
read more... 17/11/2021