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Daily (23.05.2018): European carbon prices soared by 2.4% on Tuesday to hit new seven-year peaks
Oil prices were mixed on Tuesday. Brent futures rose close to $80 a barrel level on Tuesday, adding $0.35, or 0.4%, on concerns that decreasing Venezuelan crude output and a potential decline in Iranian exports could further reduce global supply. Brent crude settled at $79.57 a barrel. WTI futures slightly fell due to expectations that OPEC may raise supplies as early as June, to settle at $72.20 a barrel.
read more... 23/05/2018
Al Bahar sets up Dubai solar plant for Caterpillar
UAE-based Al Bahar, a major dealer of Cat machinery, heavy equipment and power systems, has successfully completed the installation of its first solar project at Dubai, UAE for Caterpillar Distribution Services Europe.
read more... 23/05/2018
EIA: U.S. remains the world’s top producer of petroleum and natural gas hydrocarbons
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia’s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.
read more... 23/05/2018
Austria's OMV stands by Iran project but no investment yet
Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran, but said on Tuesday it had made no investments there yet.
read more... 23/05/2018
Daily (22.05.2018): WTI futures settled 1.4% to new peak on Monday following geopolitical tensions and postponed U.S and China trade war.
Oil prices rose on Monday, rebounding from earlier losses after geopolitical tensions led to stronger crude market and a trade war between the U.S. and China was declared on hold. Brent futures added $0.71, or 0.9% to close at $79.22 a barrel. WTI crude gained $0.96, or 1.4% to close at $72,24 a barrel, new high.
read more... 22/05/2018