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Daily (15.06.2017): Oil prices dropped by more than 3.5% on Wednesday
Oil fell again on Wednesday, on negative assessments from the IEA and OPEC regarding the health of the oil market. The IEA mentioned that inventory overhang might last longer than expected, while OPEC admitted in the monthly report that the oil market was adjusting “slower-than-expected”.
read more... 15/06/2017
France will go beyond its targets to combat climate change
According to government spokesman Christophe Castaner, France's new President Emmanuel Macron and Ecology Minister Nicolas Hulot, France will go beyond the targets within the framework of the Paris agreement. A detailed list of policy actions would lay out climate changes for the next 5 years and will show where France will exceed its previous commitments.
read more... 14/06/2017
Germany and California combine their efforts in achieving climate goals
Germany will cooperate with California on climate change goals after the U.S. President Donald Trump's decision earlier this month to withdraw from the 2015 Paris agreement, which was condemned by world leaders and many in the industry.
read more... 13/06/2017
Norway: first offshore drilling rig using 100% onshore power to cut emissions
An offshore drilling rig will be powered entirely from electricity produced onshore which could be a world first in a move to reduce dioxide emissions.
read more... 12/06/2017
Daily (12.06.2017): EU carbon prices posted a 2.3% week-on-week loss
Oil prices slightly increased on Friday, after steep declines previously during the week, mainly due to increased buying activity among traders, who have taken long positions after closing their prior positions earlier last week. Brent crude for August delivery added 0.61% to settle at $48.15 a barrel on the London ICE Futures Exchange, while the West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at $45.83 a barrel on the New York Mercantile Exchange.
read more... 12/06/2017