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Daily (20.01.2022): Oil prices were bullish on Wednesday, supported by forecasts for stronger demand

Crude oil prices rose on Wednesday, as the International Energy Agency (IEA) predicted a rise in crude demand, despite the spread of the Omicron variant. Furthermore, the situation was exacerbated by the apparent inability of OPEC+ to meet its production targets. Thus, Brent oil gained 1.1% at $88.44 a barrel and WTI crude jumped by 1.8% to $86.96 a barrel.

read more... 20/01/2022

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Key EU lawmaker wants rules to prevent countries dodging emissions cuts

The European Union needs tougher rules and financial penalties to ensure each country cuts greenhouse gas emissions to deliver the bloc's climate targets, according to the European Parliament's lead lawmaker on the policy.

read more... 18/01/2022

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Germany will likely ‘miss its 2022 and 2023 climate targets’

Germany missed its climate target for 2021 and is likely to miss them again this year and next, according to Vice-Chancellor Robert Habeck who said the country “must triple the pace of emission cuts” to reach its 2030 goals.

read more... 13/01/2022

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German climate minister sets out plans for 572 TWh/yr green electricity by 2030

Germany's new economy and climate minister Robert Habeck has outlined plans to fast track renewables in order to meet an 80% share in the power mix target by 2030.

read more... 12/01/2022

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Rosneft sets net-zero emissions by 2050 target

Russia's largest crude producer Rosneft announced Dec. 21 its commitment to achieve carbon neutrality by 2050, bringing forward some of its previous targets to reduce emissions.

read more... 22/12/2021

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