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EU's 55% carbon cut by 2030 target gets final approval
The EU’s 2030 target to cut its emissions by at least 55% from 1990 levels by 2030 has gained its final approval as the EU Council formally adopted the draft EU climate law containing it on Monday.
read more... 28/06/2021
Daily (28.06.2021): Crude oil prices inched higher on Friday as global demand continue to rise
Oil prices rose to their highest since October 2018 on Friday as demand is expected to grow and it could outstrip supply. Moreover, OPEC+ will be prudent in returning more crude to the market from August. Thus, Brent crude gained 0.8% to settle at 76.18 $ a barel, while the U.S. crude WTI closed at $74.05 a barrel, or more than 1% higher.
read more... 28/06/2021
German parliament approves stricter climate targets
Germany’s upper house of parliament on Friday approved stricter climate targets, including a 10-percentage point increase in its emissions reduction goal to 65% on 1990 levels by the turn of the decade.
read more... 28/06/2021
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Gazprom’s Russian June offtake to fall from May
Russian state-controlled Gazprom's domestic gas production is on track to fall in June from the previous month, but the decline would be the second smallest between May and June since 2011, suggesting that the firm may be producing closer to its capacity than in previous years.
read more... 28/06/2021
Daily (25.06.2021): Brent crude hovers at its highest level since October amid signs of strengthening demand
Oil prices ended modestly higher on Thursday, with Brent crude extending its rise to the highest price since October 2018 amid signs of strengthening demand and accelerating German economic activity. WTI crude was supported by drawdowns in U.S. inventories. Hence, Brent crude inched 0.5% higher at $75.56 a barrel. U.S. WTI crude rose by 0.5% to $73.30 a barrel.
read more... 25/06/2021