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Germany's Scholz reiterates opposition to immediate EU sanctions on Russian energy imports
German Chancellor Olaf Scholz reiterated March 23 his opposition to any immediate curbs on EU imports of Russian fossil fuels, warning that any such moves would plunge the region into an economic recession.
read more... 24/03/2022
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Ireland, Lithuania push EU for Russian oil sanctions ahead of Biden meeting
Ireland and Lithuania called for the EU to impose sanctions on Russia's oil trade at a meeting in Brussels on March 21 ahead of talks with US President Joe Biden later in the week.
read more... 22/03/2022
Daily (21.03.2022): European carbon prices snapped eight straight sessions of gains on Friday amid profit-taking
Crude oil prices increased on Friday amid expectations that Russian oil production will decline sharply in the coming weeks following Western sanctions on technology transfers and financing options for Russian oil companies. Hence, Brent crude settled 1.2% higher at $107.93 a barrel. U.S. WTI crude rose by 1.7% to end at $104.70 a barrel.
read more... 21/03/2022
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Germany rules out prolonging its nuclear power plants
Berlin has ruled out extending the lifetime of its existing nuclear fleet, brushing aside energy security concerns after Moscow threatened to halt gas supplies to Germany in retaliation for Western sanctions in the ongoing Russia-Ukraine war.
read more... 09/03/2022
Daily (01.08.2022): Brent spiked above $100 a barrel for the first time since 2014 on news sanctions against Russia
Oil prices finished sharply higher on Monday amid the latest round of restrictions from the West put in place against Russia – in particular the removal of some Russian banks from Swift. Hence, Brent crude soared by $3.06, or 3.1%, to settle at $100.99 a barrel. U.S. WTI crude surged by $4.13, or 4.5%, to end at $95.72 a barrel.
read more... 01/03/2022