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EU parliament postpone the vote on ETS reform until December 15
The European lawmakers postponed the vote on the EU's Emissions Trading System (ETS) reform until December 15.
read more... 06/12/2016
Daily: Crude oil slightly up, but pares gains as OPEC euphoria fades
Crude oil prices rose modestly on Monday, as the OPEC euphoria started to fade. The market lost confidence that OPEC cuts would be sufficient to limit oversupply given increased U.S. drilling activity. U.S. West Texas Intermediate crude jumped early in the day and began to pare gains in the late afternoon, ending at $51.79 a barrel, up 11 cents or 0.21 percent, before retreating to as low as $51.11 a barrel. Brent crude closed at $54.94 a barrel, up 48 cents - or 0.88 percent - before retreating to $54.22 a barrel.
read more... 06/12/2016
Gas Interconnector Greece-Bulgaria receives five submit binding offers
Five binding offers have been submitted on a long-term basis for the binding phase of the market test for the gas interconnector Greece-Bulgaria, the joint venture in charge of the project said in a statement.
read more... 05/12/2016
Daily: Crude oil records its best week in years after OPEC’s decision to slash output
Crude oil prices surged to the highest level in at least five years on Friday, steadying above $51 a barrel, following OPEC’s decision to slash crude output to control the global oversupply that dragged down prices for more than two years. Front-month Brent crude futures settled the session up at $54.46 a barrel, up 52 cents, 0.96 percent. The contract gained more than 15 percent for the week, its biggest increase since early 2009. U.S. crude ended at $51.68 per barrel, up 62 cents or 1.21 percent and posted its biggest weekly gain since early 2011, with a rise of 12 percent.
read more... 05/12/2016
Paris, Madrid, Athens and Mexico City will interdict diesel cars by 2025
Leaders of four biggest cities have promised to interdict the use of all diesel vehicles from their roads by 2025.
read more... 05/12/2016