Latest news
Daily (16.11.2023): European carbon prices hit a three-week high on Wednesday as data showed investment funds posted record net short positions
Oil prices declined on Wednesday as the prospect of supply outpacing demand continued to grow, with U.S. reserves rising to over 439 million barrels in the week ending November 10, significantly exceeding expectations. As a result, Brent crude ended 1.6% lower at $81.18 per barrel, while WTI crude dropped by 2% to end at $76.66 per barrel.
read more... 16/11/2023
Daily (30.10.2023): Oil prices jumped by 3% on Friday due to escalation of geopolitical tensions in the Middle East
Oil prices posted a significant 3% surge on Friday due to the U.S. strikes in Syria targeting sites connected to Iran. These strikes raised concerns about an escalation in Middle East geopolitical tensions, potentially leading to disruptions in oil supply in the region. Consequently, Brent crude settled at $90.48 per barrel, and WTI crude closed at $85.54 per barrel.
read more... 30/10/2023
Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs
As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.
read more... 26/10/2023
EU executive proposes methane emissions limit on gas imports
The European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc's international fossil fuel suppliers including the U.S. to cut leaks of the potent planet-warming gas.
read more... 26/10/2023
Daily (25.10.2023): Oil prices continued to decline by over 2% on Tuesday, as weak European data weighs
Crude oil prices extended losses yesterday as worries about a potential economic slowdown in the Eurozone intensified, driven by an unanticipated decrease indicated by the October PMI data. Nonetheless, Middle East tensions restrained the decline. As a result, Brent crude declined by about 2% to end at $88.07 a barrel. Meanwhile, U.S. WTI crude traded 3.4% lower at $83.74 a barrel.
read more... 25/10/2023