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Daily (29.12.2022): Crude oil prices ended lower on Wednesday amid a surge of COVID cases in China
Crude oil prices softened on Wednesday, with the benchmarks reversing from their highest settlements in nearly four weeks in the previous session as traders weighed concerns about an increase in COVID-19 cases in China against the possibility that easing pandemic restrictions in the country would boost fuel demand. Hence, Brent crude fell by $1.07, or 1.3%, to settle at $83.26 a barrel, while U.S. West Texas Intermediate crude settled at $78.96 per barrel, down 57 cents, or 0.7%.
read more... 29/12/2022
EU strikes deal to boost carbon market, Europe's biggest climate policy
European Union negotiators reached a political deal on Sunday to overhaul the bloc's carbon market, cutting planet-heating emissions faster and imposing new CO2 costs on fuels used in road transport and buildings from 2027.
read more... 19/12/2022
Daily (16.12.2022): British gas prices soared by about 3% on Thursday amid colder weather, increased storage withdrawals
Crude oil prices retreated on Thursday as traders fretted about the fuel demand outlook amid a stronger dollar and additional interest rate increases by international central banks. Hence, Brent crude fell by $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped by $1.17, or 1.5%, to settle at $76.11 a barrel.
read more... 16/12/2022
EU agrees €20 bln boost for energy funding to quit Russian gas
The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.
read more... 15/12/2022
Daily (09.12.2022): Crude oil prices tumbled for a fifth straight session on Thursday amid economic concerns
Crude oil prices fell for a fifth consecutive session on Thursday as traders ignored the closure of a significant Canada-to-U.S. crude pipeline, instead focusing on worries that the global economy would slow down and reduce the demand for fuel. Hence, Brent crude settled at $76.15 a barrel, decreasing by $1.02, or 1.3%. U.S. WTI crude settled at $71.46 a barrel, shedding by 55 cents, or 0.8%.
read more... 09/12/2022