Oil prices increased on Thursday after a larger-than-expected domestic inventory drawdown, offering some relief amid investor uncertainty that OPEC-led reductions will be sufficient to rebalance an oversupplied market. Brent crude rose by 32 cents, or 0.64%, to settle at $50.63. Meanwhile, U.S. crude futures closed cents higher at $48.36 a barrel.
read more... 02/06/2017
Oil prices plunged by around 1% on Tuesday, on signs of resurgent crude production in Libya and worries that extended output cuts might not be sufficient to drain a global glut.
read more... 31/05/2017
India has annulled plans to install approximately 14GW of coal generation as solar prices drop.
read more... 31/05/2017
The cost of releasing carbon dioxide should increase to $50-$100 per tonne by 2030, much higher than the current price in Europe of less than $6, if countries want to meet climate pledges made under the Paris Agreement, according to economists on Monday.
read more... 30/05/2017
Oil prices advanced slightly on Monday, as increases in U.S. drilling activity have undermined an OPEC-led push to tighten supply.
read more... 30/05/2017