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Daily (07.10.2019): EU carbon prices hit a new 6-month low on Friday due to bearish fundamentals
Crude oil prices firmed on Friday following a 1% decline in U.S. unemployment rate that reached a near 50-year low of 3.5%. Hence, Brent crude rose by 1.1% to $58.37 a barrel, while WTI futures added 0.7% to settle at $52.81 a barrel.
read more... 07/10/2019
Mysterious Gas Reserve In East China Sea Floor Could Be A 'Ticking Time Bomb'
Seismologists and other researchers have detected a huge reservoir of gas off the coast of Japan underneath the waters of the East China Sea. This pocket may be one of several around the globe where conditions are similar. But the big questions are: Is the gas mostly carbon dioxide (CO2) or methane (CH4)? And, why is it potentially a “ticking time bomb”?
read more... 03/10/2019
Poland stokes dispute over net-zero emissions price and meaning
Poland has once again insisted that going carbon-neutral by 2050 is not affordable, after its energy minister concluded that the idea is “a fantasy”. But new analysis claims that the Eastern European country could get the job done on time and on budget.
read more... 03/10/2019
Daily (27.09.2019): European carbon prices jumped by 1.7% on Thursday amidst bullish technical signs
Crude oil prices were mixed on Thursday. Brent crude inched up by 0.6% to $62.74 a barrel, following Donald Trump’s affirmation that a deal between China and U.S. could happen sooner than expected. Meanwhile, sluggish economic data in major European economies and Japan, as well as a faster-than-anticipated recovery of Saudi output after the recent attacks sent WTI futures 0.1% down at $56.41 a barrel on Thursday.
read more... 27/09/2019
Sole bidder in Croatia's latest oil or gas tender applies for one exploration block only
The Croatian Hydrocarbon Agency (CHA) said that the sole bidder in the latest tender for oil and gas exploration and exploitation in the Dinarides area has applied for only one of the four exploration blocks offered.
read more... 24/09/2019