The financial crisis of 12 years ago had such an impact on the economic growth path and corresponding emission levels that the price for CO2 emission rights did not recover until recently policy changes came into effect that reduced the surplus of emission rights caused in the market. Is the EU Emission Trading System now better [...]
In an earlier blog, we put on the table how the energy market in Italy has been radically affected by the Covid-19 health emergency. We recall that, among the different European member states, Italy was chronologically the first victim of the pandemic and a symbol of example for the rest of the European countries on the [...]
For weeks, COVID19 has monopolized the titles, news, articles, blogs, opinions and comments. We are not going to talk about what the arrival of this virus has meant, but it is necessary to reflect on the scenario in which energy markets are now, on which we have to make decisions (now and in the coming years). [...]
The coronavirus has caused an unprecedented global health and economic crisis. The energy sector, as a key actor, has been particularly affected by this crisis, but is also a key sector for the global response and recovery efforts. Energy security continues to be an area of particular focus and the crisis has put a premium on [...]
After one month of a dramatic break-up and a beginning of an oil war between Russia and the Saudi Arabia, history was made last Sunday with a renewed agreement achieved by OPEC + of 9.7 million barrels per day (mbpd) oil output cut. A 10 million bpd oil reduction is the biggest cut ever agreed in [...]
Global oil and gas markets are facing an unprecedented situation: demand is collapsing because of the impact of the coronavirus (COVID-19) while supply, already overabundant, is significantly increasing. In some countries, large-scale production and exports of oil and gas provide vital income to finance their national budgets, which means volatility in global energy markets can translate [...]
On Tuesday 31 March 2020, the Council of Ministers approved a new package of economic and social measures to complement and reinforce the measures adopted by the government over the last three weeks to minimise and counteract the impact of COVID-19. For the energy sector, they will benefit electricity and gas suppliers as well as consumers. [...]
Today we are talking about a subject that is particularly close to my heart, which is my country of origin, Italy. In recent weeks, it has been the first in our continent to be the main character of the coronavirus fury. We will see how the epidemic has hit the Italian energy sector hardly, creating dynamics [...]
In the current situation of entire economies being paralyzed by the coronavirus outbreak, you would think oil producing nations (like everyone else) have enough to worry about. With much economic activity including international air travel coming to a standstill, the loss of demand is enormous. Nevertheless, OPEC and Russia not only failed to come to a [...]
This is one of those weeks in which I had a well-organized agenda, and, among other activities, I was ready to publish a Blog about the reality of projects with Hydrogen and the energy market (prepared carefully and well in advance). However, panic has taken over the media and markets. My agenda has “blown away” and [...]
