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Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017
Switzerland to join the EU carbon market
The Swiss Federal Council has made the decision to endorse into a project that will join the Swiss carbon market with EU’s.
read more... 18/08/2017
GE builds pumped hydro plant to stabilize Israeli power grid
A new pumped-storage hydroelectric plant, that will be essential to the rebalancing of the Israeli power grid, will be developed by GE Renewable Energy.
read more... 17/08/2017
Daily (17.08.2017): Oil prices fell more than 1% on Wednesday amid gasoline inventories decline
Oil prices were volatile on Wednesday, even though U.S. crude inventories dropped for a 7-th consecutive week to their lowest level since January 2016, according to latest EIA data. However, gasoline inventories did not decline as expected, and the data also showed that U.S. domestic crude output rose adding to global oversupply. On the demand side, analysts see a gradual slowdown in fuel consumption growth.
read more... 17/08/2017
London Mayor launches solar auctions to make cleanest city on Earth
London Mayor Sadiq Khan has ambitions to turn London into the greenest city by widening the capital’s solar energy generation capacity through city-wide auctions.
read more... 17/08/2017