Latest news
Daily (19.09.2022): EUA prices sharply increased, breaking a three-week losing run
A leak at an Iraqi terminal in Basra appeared to be limiting the flows of oil, which led to a slight increase in oil prices on Friday. Prices, however, declined on a weekly basis due to worries that major interest rate hikes will impede the growth of the world economy and the need for fuel. Thus, Brent crude settled 0.6% higher at $91.35 a barrel. At the same time, WTI crude was flat at $85.11.
read more... 19/09/2022
EU proposes windfall levies on energy firms to ease price pain
The European Union's executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.
read more... 15/09/2022
North Sea nations plan huge expansion of wind power by 2050
Nine nations bordering the North Sea announced plans Monday to massively increase offshore wind power in the coming decades as part of an effort to combat climate change and become independent of fossil fuel imports, particularly from Russia.
read more... 13/09/2022
Daily (02.09.2022): EUAs remained near five-week lows on Thursday due to fears about demand and an increase in supply this month
Oil prices fell on Thursday on worries that rising inflation and interest rate increases are reducing the fuel usage. The trend was exacerbated by more COVID-19 lockdowns measures in China. The price of a barrel of Brent crude oil settled at $92.36, down by 4.3%. WTI crude ended 3.3% lower at $86.61.
read more... 02/09/2022
Daily (16.08.2022): Brent crude dropped towards $95 a barrel on Monday amid concerns about global economic slowdown
Oil prices fell on Monday as poor Chinese economic data fuelled fears of a worldwide recession, which would reduce fuel consumption. Hence, Brent crude settled down $3.05, or 3.1%, to $95.10 a barrel. U.S. WTI crude dropped by $2.68, or 2.9%, to close at $89.41 a barrel.
read more... 16/08/2022