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Daily (20.07.2017): EU carbon prices decreased by 1.5% on Wednesday
Oil soared on Wednesday, supported by strong demand for gasoline in the US and a major decline in the stocks, according to the API. Brent crude jumped by 1.76% to close at $49.70 a barrel, while WTI price rose by 1.55% to end at $47.12 a barrel.
read more... 20/07/2017
Drax accelerates plans for coal conversion to gas
Britain's Drax, which once owned Europe's most polluting coal-fired power plant, is accelerating plans to transform one of its six units to gas and could offer for a capacity contract as early as 2019, as stated by its chief executive on Wednesday.
read more... 20/07/2017
Vattenfall and Trafigura to sell gas to Ukraine’s Naftogaz
Ukraine's Naftogaz intends to sign deals with two European companies, particularly Trafigura Trading, Sarl and Vattenfall Energy Trading GmbH, aiming the purchase of natural gas, as it seeks to divert from the Russian energy imports.
read more... 19/07/2017
Egypt targets the increase in natural gas output by 100% by 2020
The Egyptian petroleum ministry declared that the three recently discovered gas fields will boost Egypt’s natural gas output by 50% the next year, and double it by 2020.
read more... 18/07/2017
Daily (17.07.2017): EU carbon prices increased by 1.1% on Friday
Oil prices edged higher in rough trading on Friday, boosted by a report from the IEA that demand growth is accelerating and that oil stocks had fallen. The IEA raised its demand estimate for the Q2, while it reduced its figure for non-OPEC supply. Consequently, the oil market showed a vast deficit last quarter. Both, Brent crude and WTI prices rose by 1% to close at $48.91 a barrel and $46.54 a barrel respectively.
read more... 17/07/2017