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Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
German carbon capture row heightened by EU’s draft 2040 climate plan
Germany’s upcoming carbon management strategy is being delayed by government divisions on carbon capture and storage (CCS), further exacerbated by a leaked EU climate policy draft for 2040 promoting the controversial technology.
read more... 02/02/2024
British regulator awards North Sea oil and gas licences
Britain's oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin.
read more... 01/02/2024
Global investment in energy transition technology surges record 17% in 2023
Global investment in the energy transition surged by 17% in 2023 to $1.7trn, according to a report from research provider BloombergNEF (BNEF).
read more... 01/02/2024
Daily (31.01.2024): Gas prices gained ground on Tuesday as outage at Freeport LNG raised supply concerns
Oil prices ended mixed on Tuesday as concerns over global oil demand offset ongoing supply concerns due to Middle East tensions. Consequently, Brent crude rose by about 0.6% to settle at $82.87, while WTI crude retreated by about 0.5% to close at $77.82 per barrel.
read more... 31/01/2024