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Daily (11.08.2017): Oil prices fell by around 2% on Thursday on U.S. and North Korea tensions
Oil prices fell on Thursday, pushed lower by a nervous market starting to doubt recent falls in inventories. Libyan production hit in July its highest level for the year. Investors were also concerned of the tensions between the U.S. and North Korea. Brent fell by 1.52% to close at $51.90 a barrel, while WTI price decreased by almost 2% to end at $48.59 a barrel.
read more... 11/08/2017
UN receives official notice of US withdrawal from Paris climate agreement
The US has sent an official notice stating its intention to retreat from the Paris climate change agreement. UN Secretary-General António Guterres got the notification regarding US’ exit from the pact, unless more profitable conditions could be suggested.
read more... 10/08/2017
Germany acquires 235,000 carbon credits to offset business travel
The German government intends to compensate for the climate footprint of its official travel by starting a bidding process to acquire more than 235,000 carbon credits.
read more... 10/08/2017
Daily (09.08.2017): Oil prices were bearish on Tuesday due to higher oil exports
Oil prices were bearish on Tuesday on increasing exports from United States, Libya and Nigeria. A recent recovery in Libya's oil output, and higher production in Nigeria, have complicated OPEC's efforts to curb supply. The U.S. EIA petroleum status report will be published on Wednesday, giving details on stockpiles and refinery runs that are expected to decline. Brent crude decreased by 0.44% to close at $52.14 a barrel, while WTI price fell by 0.45% to end at $49.17 a barrel.
read more... 09/08/2017
Unrecorded greenhouse emissions detected by Swiss scientists
Scientists at the Jungfraujoch Swiss air monitoring station have detected large quantities of a distinct greenhouse gas released from a location in northern Italy.
read more... 09/08/2017