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Daily (10.12.2024) European carbon prices posted the biggest loss in six months ahead of December contract expiry
Oil prices climbed by around 1.5% on Monday, fuelled by geopolitical instability in the Middle East. Brent crude closed at $ 72.14 per barrel, while WTI crude settled at $68.37 per barrel.
read more... 10/12/2024
EU to boost geothermal energy to cut reliance on Russian gas
The European Union is set to prioritise geothermal energy as part of its strategy to enhance energy security and reduce reliance on Russian gas.
read more... 10/12/2024
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Equinor postpones start of Arctic Castberg oilfield to early 2025
Norway's Equinor said on Tuesday that the startup of its Arctic Johan Castberg oilfield has been postponed to January or February from the end of 2024 due to adverse weather conditions in the Barents Sea.
read more... 10/12/2024
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BP forms offshore wind joint venture in renewables retreat
BP and Japanese power generator JERA have agreed to join forces to form one of the world's largest offshore wind operators, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables.
read more... 10/12/2024
Daily (09.12.2024): Oil prices extended losses on Friday following OPEC+ announcement to maintain the same production cuts
Oil prices continued their downward trend on Friday, with no support from the latest OPEC+ announcements aimed at stabilizing the market. Speculative positions further put pressure on prices. per barrel.Brent crude slipped by 1.3%, closing at $71.12 per barrel, while WTI crude fell by 1.6%, settling at $67.20
read more... 09/12/2024