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Daily (07.02.2024): European carbon prices posted sharp gains on Tuesday amid strong auction results

Oil prices posted modest gains on Tuesday following a volatile session, mainly driven by geopolitical risks in the Middle East. As a result, both contracts gained about 1%, with Brent crude standing at $78.59 and WTI crude settling at $73.31 per barrel.

read more... 07/02/2024

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EU recommends ambitious 2040 climate target, goes light on farming

The European Commission recommended on Tuesday that the EU slash net greenhouse gas emissions by 90% by 2040, an ambitious target that will test political appetite for the region's fight against climate change ahead of EU elections.

read more... 07/02/2024

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Daily (06.02.2024): Gas prices tumbled by 3% on Monday amid ample supply and weaker demand

Oil prices rose on Monday as geopolitical risks outweighed economic concerns. Thus, Brent crude stood at $77.99, while WTI crude settled at $72.78 per barrel, with both contracts gaining about 1% day-on-day.

read more... 06/02/2024

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Solar industry calls for ‘emergency measures’ as manufacturers prepare to leave Europe

European solar panel manufacturers have warned they are “poised to shut down manufacturing lines” unless the EU takes emergency measures to save the sector, such as a buy-out of their inventories, which have piled up in recent years due to an influx of cheaper versions from China.

read more... 05/02/2024

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Daily (29.01.2024): Oil and gas prices rose on Friday amid concerns over escalating tensions in the Middle East

Oil prices closed higher on Friday following an attack on a British tanker by Yemeni Houthi rebels, reigniting concerns about potential disruptions to Middle Eastern oil supplies. Consequently, Brent crude settled 1.4% higher at $83.55, while WTI crude ended at $78.01 per barrel, marking around a 1% daily gain.

read more... 29/01/2024

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