Latest news
Daily (26.07.2017): Oil prices soared by 3.3% on Tuesday on oil production cuts
Oil prices continued to rose on Tuesday. At St. Petersburg’s meeting on Monday, the OPEC and non-OPEC producers discussed extending their deal to cut output beyond March 2018 if necessary. Saudi Arabia proposed to limit exports from next month and Nigeria voluntarily agreed to join the deal. Brent crude soared by 3.3% to $50.20 a barrel, while WTI price climbed by 3.34% to close at $47.89 a barrel.
read more... 26/07/2017
Carbon waste turns green, used to fertilize crops
Energy and recycling company Viridor came up with a project that takes carbon dioxide from homes and big carbon-emitting industries, and turns it into fertilizer for plants.
read more... 25/07/2017
Britain’s OGA provides new oil and gas exploration licenses
The British Oil and Gas Authority (OGA) has commenced a new round of licensing, which will focus on mature areas such as Southern, Central and Northern North Sea, West of Shetland and East Irish blocks.
read more... 25/07/2017
Daily (25.07.2017): European carbon prices rose on Monday to €5.20 level
Oil prices rose on Monday, cancelling Friday’s losses after leading OPEC producer Saudi Arabia pledged to cut its exports. Saudi Energy Minister Khalid al-Falih declared his country would considerably limit crude oil exports in August. Brent crude increased by 1.12% to $48.60 a barrel, while WTI price climbed by 1.25% to close at $46.34 a barrel.
read more... 25/07/2017
Daily (24.07.2017): Oil prices fell by 2.5% on Friday on a rise in the OPEC’s oil production
Oil prices were bearish on Friday after a consultancy report forecast a rise in OPEC production for July. Meanwhile, traders are looking ahead to Monday's meeting of several ministers from OPEC and non-OPEC members in Russia. Brent crude fell by 2.52% to $48.06 a barrel, while WTI price declined by 2.45% to close at $46.92 a barrel.
read more... 24/07/2017