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Daily (29.08.2017): Gasoline prices boosted by Hurricane Harvey, but crude oil prices lower
Oil prices fell on Monday as diminished oil supply was offset by the refinery shutdowns due to Hurricane Harvey. Traders expect refineries demanding less oil as they take weeks to come back on line. Brent crude, on the other hand, stayed stronger as the U.S. will demand product from Europe as well as due to some shut down of Libyan oil production over the weekend. Brent crude closed 1% down at $51.89, while WTI price lost 2.71% to end at $46.57 a barrel.
read more... 29/08/2017
Brexit could increase electricity bills by departing from energy efficiency
The withdrawal of energy efficiency standards for household appliances and lightbulbs, which are currently considered to be the most efficient according to EU standards, could cause a £90-raise in the electricity bill per year.
read more... 28/08/2017
EU approves Czech aid for low-carbon refueling network
The Czech Republic obtained the EU approval for the plans to develop a network of refueling and recharging stations for low-carbon vehicles, as these are in line with the state aid regulations.
read more... 21/08/2017
Europe registers a 39% jump in renewable power demand
As stated in a report by the Association of Issuing Bodies (AIB), Europe’s demand for power has rocketed by nearly 39% in comparison to last year. The contributing factor to this rise is the escalation of the number of people that have acquired renewable energy contracts through Guarantees of Origin.
read more... 18/08/2017
Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017