Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021
A draft of the EU’s revised Emissions Trading Scheme confirms the European Commission’s intention to tighten the cap placed on CO2 emissions from industry and extend carbon trading to cover shipping emissions as well as road transport and heating fuels.
read more... 01/07/2021
Crude oil prices stabilised on Tuesday, with the market still focused on the upcoming OPEC summit, where the organization is set to plan their output strategy for the coming months. Hence, Brent crude steadied at $74.76 a barrel. At the same time, U.S. WTI crude ended rather flat at $72.98 a barrel.
read more... 30/06/2021
Five Asian countries are responsible for 80% of new coal power plants planned around the world, the Carbon Tracker group said on Wednesday, saying most would prove uneconomical and the new plants would put international climate goals out of reach.
read more... 30/06/2021
Crude oil prices opened the week on the back foot after the oil market hit a three-year high on Friday. Increasing number of the new so-called Delta variant and expectations that OPEC+ producers will boost supply at an upcoming meeting put pressure on crude prices on Monday. Hence, Brent crude shed by 2% to settle at $74.68 a barrel. U.S. WTI crude ended at $72.91 a barrel, falling by 1.5% day-on-day.
read more... 29/06/2021