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Egypt Raises Fuel Prices By Up To 50%
Egypt is hiking gasoline prices by up to 50 percent, as it is seeking to meet reform requirements for funds extended by the International Monetary Fund (IMF), but the gradual removal of the fuel subsidies makes ordinary Egyptians angry with austerity measures.
read more... 19/06/2018
Daily (18.06.2018): Brent crude slumped by more than 3.3% on Friday ahead of Vienna meeting this week
The meeting scheduled in Vienna this week between Saudi Arabia and Russia pressured oil prices on Friday. WTI crude was 2.7% lower at $65.06 a barrel. At the same time, Brent crude slumped by more than 3.3% to settle at $73.44 a barrel.
read more... 18/06/2018
Daily(15.06.2018): Carbon prices slumped by 2.6% on Thursday due to late selling
A stronger dollar and a potential decision of the OPEC and its allies to increase production weighed on Brent crude on Thursday, which settled 80 cents, or about 1% lower at $75.94 a barrel. Meanwhile, WTI crude soared by 0.4% to end at $66.89 a barrel, in a catchup process to the higher priced products and Brent values.
read more... 15/06/2018
Russia, Saudi Arabia Agree To Expand Cooperation On Oil, Gas
Russia and Saudi Arabia say they have agreed to expand their cooperation on oil and gas matters after having teamed up to help bolster oil prices in the past two years.
read more... 15/06/2018
Samsung to expand use of renewable energy
Samsung Electronics has announced its commitment to build on its strong progress of energy efficiency and operational emissions reductions to expand the use of renewable energy in its operations.
read more... 15/06/2018