Latest news
Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations
Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.
read more... 09/10/2019
Romania's OMV Petrom reports new gas discovery
Romania's top oil and gas group OMV Petrom said on Tuesday said it has discovered new hydrocarbon resources in Gorj county, in Oltenia region.
read more... 09/10/2019
Qatar building large CO2 storage plant
Qatar commissioned a carbon capture-and-storage plant and aims to sequester five million tonnes of carbon dioxide from its liquefied natural gas (LNG) facilities by 2025.
read more... 08/10/2019
Daily (07.10.2019): EU carbon prices hit a new 6-month low on Friday due to bearish fundamentals
Crude oil prices firmed on Friday following a 1% decline in U.S. unemployment rate that reached a near 50-year low of 3.5%. Hence, Brent crude rose by 1.1% to $58.37 a barrel, while WTI futures added 0.7% to settle at $52.81 a barrel.
read more... 07/10/2019
Mysterious Gas Reserve In East China Sea Floor Could Be A 'Ticking Time Bomb'
Seismologists and other researchers have detected a huge reservoir of gas off the coast of Japan underneath the waters of the East China Sea. This pocket may be one of several around the globe where conditions are similar. But the big questions are: Is the gas mostly carbon dioxide (CO2) or methane (CH4)? And, why is it potentially a “ticking time bomb”?
read more... 03/10/2019