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Dutch Court Orders Shell To Slash Emissions In Historic Climate Case
A Dutch court ordered on Wednesday oil supermajor Shell to slash its carbon emissions by 45 percent by 2030 in a landmark ruling in a climate case brought by environmentalists that could set precedents for other oil companies.
read more... 27/05/2021
Daily (26.05.2021): British gas prices moved upwards on Tuesday amid supply concerns, low storage and bullish carbon prices
Crude oil prices move a shade higher on Tuesday following the massive fluctuations last week and at the beginning of this week, with traders keeping an eye on developments in talks aimed at reviving the Iran nuclear deal. The approaching high season for oil and lifting restrictions in much of Europe and the United States provide further support to oil prices. Hence, Brent crude added 0.3% to settle at $68.65 a barrel. Meanwhile, U.S. WTI crude ended rather flat at $66.07 a barrel.
read more... 26/05/2021
Equinor and Horisont progressing Barents Sea carbon capture project
Norwegian duo Equinor and Horisont Energi have struck a deal to further mature a carbon transportation and storage project in the Barents Sea, off the coast of northern Norway.
read more... 24/05/2021
Daily (20.02.2021): European commodity markets in a bearish mood on Wednesday, as carbon prices lost ground
Crude oil prices fell to their lowest in three weeks, on worries that surging COVID-19 cases in Asia would reduce oil demand. Moreover U.S. inflation fears could slow economic growth, also weighing on prices. Thus, Brent crude fell by nearly 3% to settle at $ 66.66 a barrel. Meanwhile, U.S. WTI crude declined by 4.1% to end at $63.36 a barrel.
read more... 20/05/2021
UK's first carbon auction clears at GBP43.99/mt
The UK's first sale of carbon allowances under its Emissions Trading System cleared at GBP43.99/mt ($62.26/mt) May 19, according to auction host ICE Futures Europe.
read more... 20/05/2021