Euro Markets: EUAs weaken as gas surges after Russia confirms gas payment in rubles

Published 17:45 on March 31, 2022  /  Last updated at 21:17 on March 31, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rose by around 1% on Thursday morning in quiet trading as the market recovered from the previous session's 4% drop, while energy markets were mixed after news emerged that EU competition officials had raided the offices of German gas companies.

EUAs reversed early gains and tumbled more than 2% on Thursday after gas prices surged in reaction to Russia’s confirmation that it will require payment for gas supplies in rubles from Apr. 1.

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