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Daily (01.09.2017): European carbon prices dropped by 1.3% on Tuesday, below €6 level
Oil prices rose slightly on Thursday, contrary to the expectations of the OPEC, as oil traders focused more on Hurricane Harvey’s hit on oil demand than the impact of supply disruptions. For some veteran OPEC officials, Hurricane Harvey’s impact on global oil markets was quite strange, as the storm has led to some of the biggest disruptions to U.S. energy infrastructure, but failed to boost strongly the crude prices. Brent crude ended $1.52, or almost 3% up at $52.38, while the WTI price grew by 2.76% at $47.23 a barrel.
read more... 01/09/2017
Daily (30.08.2017): European carbon prices fell by 1% on Tuesday due to a weak auction
Oil prices rose on Tuesday as the inventories have been drawing at a remarkable pace over the past few weeks and months and the remnants of Hurricane Harvey continues to ravage Houston, the energy capital of the U.S. Brent crude increased by 0.21% to settle at $52.00, while the WTI price ended down by 0.17% at $46.49 a barrel.
read more... 30/08/2017
Daily (24.08.2017): Carbon prices hit new 6-month high on Wednesday
Oil prices soared on Wednesday after U.S. crude inventories dropped for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt the production of oil and refined products. Brent crude futures settled 70 cents up to $52.57 a barrel, while U.S. West Texas Intermediate was trading at $48.41, up 58 cents.
read more... 24/08/2017
EU approves Czech aid for low-carbon refueling network
The Czech Republic obtained the EU approval for the plans to develop a network of refueling and recharging stations for low-carbon vehicles, as these are in line with the state aid regulations.
read more... 21/08/2017
Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017