The European Union will shrink the supply added to its carbon market next year, as it presses ahead with reforms to strengthen Europe's main policy for curbing greenhouse gas emissions, the European Commission said on Friday.
read more... 31/07/2023
A global initiative to grow the $2 billion market for carbon offsets outlined criteria for new voluntary standards on Thursday, and said it aims to issue labelled credits by the year-end to make the unregulated marketplace more transparent.
read more... 28/07/2023
Oil prices surged for the fourth consecutive session on Tuesday, hitting a three-month peak, driven by indications of reduced oil supplies and reassurance from Chinese authorities about their commitment to strengthen the economy, leading to a positive market sentiment. Thus, WTI crude traded 1.1% higher at $79.63 a barrel, while Brent crude rose by 1% to settle at $83.64 a barrel.
read more... 26/07/2023
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
The European Parliament’s industry committee has put its weight behind a minimal reform of the bloc’s electricity market, paving the way for final negotiations with EU countries to start as soon as possible.
read more... 20/07/2023