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Daily (24.09.2020): European carbon prices lost 5% on Wednesday, as quarterly EUA options expired leading to an oversupply
Oil prices rose slightly on Wednesday amid a drop in US crude and fuel stocks. Still, a rise in the numbers of Covid-19 cases globally limited gains. As a result, Brent crude rose by 4.2% to settle at $42.22 a barrel. Meanwhile, WTI futures hiked by 4.9% at $40.16 a barrel.
read more... 24/09/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020
EU climate plan blows hot and cold on forestry, biomass
While recognising the positive role of forests in mitigating global warming, the European Commission has riled the agroforestry and biomass industries by stating its intention of limiting growth in the sector.
read more... 24/09/2020
Gazprom orders extra transit capacity in Ukraine
Gazprom has boosted its Ukranian gas transit requirements in October, booking additional interstate capacity via auction platforms in Poland and Hungary.
read more... 24/09/2020
Daily (23.09.2020): European carbon prices surged by over 5% on Tuesday amid compliance buying and speculative short-covering
Crude oil prices recovered slightly from the steepest one-day loss in almost two weeks following the equities’ advance and amid expectations for a second decrease on U.S. crude supplies. However, surging COVID-19 cases put a lid on gains. Hence, Brent crude for November delivery rose by 28 cents, or 0.7%, to end the session at $41.72 a barrel. Meanwhile, U.S. WTI crude increased by 1% to settle at $39.70 a barrel.
read more... 23/09/2020