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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

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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

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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

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Daily (21.07.2017): EU carbon prices decreased by 1.5% on Thursday, but still at a 3 month-high

Oil prices dropped on Thursday on rising output from the U.S., Libya and Nigeria before the meeting of major oil producers, expected to be held in Russia on Monday. Brent crude tumbled by 0.8% to end at $49.30 a barrel, while WTI price declined by 0.42% to close at $46.92 a barrel.

read more... 21/07/2017

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Daily (20.07.2017): EU carbon prices decreased by 1.5% on Wednesday

Oil soared on Wednesday, supported by strong demand for gasoline in the US and a major decline in the stocks, according to the API. Brent crude jumped by 1.76% to close at $49.70 a barrel, while WTI price rose by 1.55% to end at $47.12 a barrel.

read more... 20/07/2017

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