On Friday, oil prices tumbled. The decline was largely attributed to diminishing expectations that the US Federal Reserve would lower interest rates as quickly as the market had initially anticipated. Furthermore, the strength of the US dollar contributed to this sentiment. Consequently, Brent crude stood at $81.62 a barrel, and WTI crude settled at $76.49 a barrel, both contracts dropping by more than 2% day-on-day.
read more... 26/02/2024
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday.
read more... 26/02/2024
Oil prices were mixed on Monday. Brent crude edged 0.1% higher at $83.56, amid ongoing geopolitical tensions that continue to impact the market. Meanwhile, WTI Crude declined by about 1% to $78.47, amid signs of weaker demand.
read more... 20/02/2024
European Union legislators reached a political agreement in the early hours of Tuesday (20 February) on a proposal to set up the world’s first registry for certified carbon dioxide removals obtained from eco-farming practices and industrial processes.
read more... 20/02/2024
The German government will earmark some 4 billion euros ($4.31 billion) for subsidies to support energy-intensive firms switching to green production, a government source told Reuters on Friday.
read more... 19/02/2024