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Daily (11.06.2021): British gas prices continued to rise amid a short system and carbon optimism
Oil prices rallied on Thursday after OPEC released an upbeat monthly report, showing that the recovery in global economic growth and oil demand is expected to accelerate in the second half of the year. In this context, Brent crude edged 0.4% higher at $72.52 a barrel, while the American WTI crude closed 0.5% up at $70.29 a barrel, or their highest levels since 2019 and October 2018 respectively.
read more... 11/06/2021
Daily (09.06.2021): Crude oil prices hit multi-year highs on Tuesday amid barriers to the revival of Iran's nuclear deal
Oil prices continued the steady upturn to settle at multi-year highs on Tuesday after the U.S. asserted that the return of the Iranian crude supply would not happen soon even if the United States were to reach a nuclear deal with Iran. The visible global recovery following the coronavirus, with lockdown restrictions loosened in most countries, added to the upside. Hence, Brent crude increased by 15 to settle at $ 72.22 a barrel. U.S. WTI crude rose by 1.2% to $70.05 a barrel.
read more... 09/06/2021
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Romania commits to phase out coal by 2032
Romania will exit coal by 2032 at the latest and pass a law by mid-2022 to address the closure of mines and adopt socio-economic measures to support coal communities and reskilling of worers, according to the country’s official recovery plan.
read more... 04/06/2021
Spain to invest 1.5 bn euros in 'green hydrogen'
Spain will spend 1.5 billion euros ($1.8 billion) from a European Union recovery fund to develop green hydrogen production over the next three years, Prime Minister Pedro Sanchez said Monday.
read more... 25/05/2021
Daily (18.05.2021): European carbon prices retreated on Monday, but still hover above 56 EUR/tonne
Crude oil saw an upwards adjustment on Monday despite worsening coronavirus situation in Asia, with the market still hoping of a demand recovery. Hence, Brent crude increased by 1.1% to settle at $69.46 a barrel. U.S. WTI crude ended at $ 66.27 a barrel, notching a 1.4% gain day-on-day.
read more... 18/05/2021