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Britain approves first new coal mine in decades despite climate targets
Britain approved its first new deep coal mine in decades on Wednesday to produce the high-polluting fuel for use in steelmaking, a decision which drew criticism from opponents who say it will hinder climate targets.
read more... 08/12/2022
Daily (06.12.2022): Oil prices dropped to their lowest levels since January amid OPEC decision to hold steady oil output
Crude oil prices dropped to the lowest level since January following OPEC’s decision not to cut production any further. Moreover, stronger-than-expected US economic data fuelled speculation that the Federal Reserve would keep its policy tight to fight inflation. Hence, Brent crude decreased by $2.89, or 3.4%%, to settle at $82.68 a barrel. WTI crude fell by $3.05, or 3.8%, to end at $76.93 a barrel.
read more... 06/12/2022
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OPEC decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
read more... 30/11/2022
Poland picks U.S. offer for its first nuclear power plant
U.S. firm Westinghouse Electric Co will build Poland's first nuclear power plant, Prime Minister Mateusz Morawiecki said on Friday, confirming a long-awaited decision aiming to reduce the country's carbon emissions and phase out coal.
read more... 31/10/2022
Oil prices continue their bullish trend as market is awaiting Opec decision to cut production
Oil prices had a bullish evolution on Tuesday, as traders anticipated that an Opec meeting would result in a decision to cut production. Consequently, Brent crude increased 3.3% to $91.80 a barrel, and WTI oil rose 1.1% to $86.52 a barrel.
read more... 05/10/2022