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Oct 18 • 5 tweets • 4 min read
European Commission Proposes Package of Emergency Energy Measures.
#EU #ONGT #OOTT
EU Proposes Rules to Launch Joint Gas Buying Among EU Countries. Joint Gas Buying Would Need to Cover 15% of Volumes Needed to Meet EU Storage Filling Targets in Winter 2023, Would Not Buy Russian Gas.
#EU #ONGT #OOTT
EU Proposes Bloc's Energy Regulator Should Launch New Liquefied Natural Gas Price Benchmark by 31 March 2023. EU Energy Regulator Acer Would Be Required to Start Daily Lng Price Assessment Two Weeks After Eu Proposal Becomes Law.
#EU #ONGT #OOTT
EU Asks Countries to Give Eu Commission Mandate to Propose Temporary 'correction Mechanism' to Set Maximum Price for Dutch Ttf Gas Trades, Proposes Requirement for Trading Venues to Limit Intra-day Price Volatility in Energy Derivatives Trading.
#EU #ONGT #OOTT
EU Proposes Allowing Countries to Redirect Nearly 40 Billion Euros in 'cohesion Funds' from Eu Budget to Help Vulnerable Households, Small Businesses Affected by High Energy Prices.
#EU #ONGT #OOTT

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More from @Sino_Market

CN Wire Profile picture
Oct 17
UK FINANCE MINISTER HUNT: CENTRAL RESPONSIBILITY FOR GOVT IS TO ENSURE ECONOMIC STABILITY. EVERY GOVERNMENT CAN GIVE CERTAINTY ABOUT SUSTAINABILITY OF PUBLIC FINANCES. GOVERNMENT IS MAKING FURTHER CHANGES TO MINI BUDGET.
#UK $GBP
UK FINANCE MINISTER HUNT: WILL GIVE STATEMENT TO PARLIAMENT LATER TODAY. WE WILL REVERSE ALMOST ALL TAX MEASURES ANNOUNCED IN SEPT 23 GROWTH PLAN. NOT RIGHT TO BORROW TO FUND TAX CUTS.
#UK $GBP
UK FINANCE MINISTER HUNT: STAMP DUTY CHANGES, NATIONAL INSURANCE CHANGES WILL GO AHEAD. ENERGY PRICE GUARANTEE WILL NOT CHANGE UNTIL APRIL. WOULD NOT BE RESPONSIBLE TO EXPOSE PUBLIC FINANCES TO INTERNATIONAL VOLATILITY INDEFINITELY.
#UK $GBP
Read 4 tweets
CN Wire Profile picture
Sep 16
RMB exchange rate will remain basically stable: Cailianshe cites sources close to central bank
#China $CNY $CNH
RMB exchange rate breaking 7 mark has helped ease pressures that could trigger short-term depreciation: sources
#China $CNY $CNH
PBoC is closely monitoring the RMB exchange rate and will adhere to a managed floating exchange rate system based on market situation and adjusted with reference to a basket of currencies: sources
#China $CNY $CNH
Read 4 tweets
CN Wire Profile picture
Sep 16
⚡China's industry ministry MIIT says lithium producers shall not collude in pricing or seriously deviate from cost pricing.
#China #lithium #EVs
⚡China's industry ministry MIIT held a symposium with lithium producers Thursday and came to the conclusion that China's lithium resources reserve could meet domestic demand.
#China #lithium #EVs
⚡China's industry ministry MIIT says to promote development of lithium industry and accelerate development and utilization of domestic resources.
#China #lithium #EVs
Read 5 tweets
CN Wire Profile picture
Sep 16
#China's August urban surveyed unemployment rate 5.3%[Est. 5.4%;Prev. 5.4%]
Jan-Aug urban fixed investment +5.8% y/y [Est.+5.5%;Prev.+5.7%]
Aug industrial value-added +4.2% y/y [Est.+3.8%;Prev.+3.8%]
Aug retail sales +5.4% y/y [Est.+3.5%;Prev.+2.7%]
1/n #GDP #EconTwitter 🇨🇳
China produced 5.74 million tons of non-ferrous metal in August, which rose by 6.7%, the most since January 2021.
Jan-Aug non-ferrous metal productions +1.9% to 44 million tons.
2/ #China #copper #aluminum
In Aug, #China's total retail sales were recorded at 3.6258 trillion yuan, up 5.4% y/y but dropped 0.05% m/m.
Among them, retail sales of goods were 3.25 trillion yuan, which rose by 5.1% y/y; The total revenue for the catering industry was 374.8 billion yuan, surged 8.4% y/y.
3/
Read 6 tweets
CN Wire Profile picture
Sep 14
⚡China's megacity #Chengdu says to gradually and orderly restore normal production and life from 12:00 on September 15 and will adjust prevention and control measures accordingly.
Residents in #Chengdu are required to show negative results from tests taken within 48 hours when entering communities, all kinds of public places, and taking public transportation: notice
#Chengdu city says to reopen nucleic acid sampling sites to provide free mixed testing services for citizens.
Read 4 tweets
CN Wire Profile picture
Sep 14
EUROPEAN COMMISSION: EU MARKETS WATCHDOG WILL SET OUT PLANS BY SEPT 22 TO AMEND COLLATERAL RULES IN ENERGY DERIVATIVES MARKETS. WORKING ON A TRANSACTIONS-BASED PRICE BENCHMARK TO MORE ACCURATELY REFLECT MARKET FOR EU GAS IMPORTS.
#OOTT #ONGT
EU COMMISSION PROPOSES 180 EUR/MWH REVENUE CAP FOR NON-GAS FUELLED POWER GENERATORS. EU REVENUE CAP WOULD APPLY TO WIND, SOLAR, BIOMASS, LIGNITE, NUCLEAR AND SOME HYDROPOWER GENERATORS.
#OOTT #ONGT
EU LEVY WOULD RECOUP 33% OF OIL, GAS, COAL, REFINING COMPANIES' SURPLUS TAXABLE PROFITS IN FISCAL YEAR 2022. EU LEVY WOULD APPLY TO FOSSIL FUELS COMPANIES THAT HAVE TAX OBLIGATIONS IN EU COUNTRIES.
#OOTT #ONGT
Read 4 tweets

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