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Daily (08.05.2018): Carbon prices jumped by 4.6% on Monday on long-awaited announcement of EU aviation allowance auctions

Oil prices hiked on Monday due to forecasts for higher prices on gasoline and consumer goods. Brent futures rose $1.3, or 1.7%, to end at $76.17 a barrel. WTI crude surged by 1.5% to settle at $70.73 a barrel, for the first time above $70 level since late 2014.

read more... 08/05/2018

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BP ready to launch drilling operations of the first well in shallow waters of Absheron Peninsula

Vice-President for External Affairs of BP Company in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbeyli declared that BP Company intends to launch the drilling of the first well in promising structures in the shallow waters of Absheron Peninsula (SWAP) at the beginning of 2019.

read more... 07/05/2018

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UAE: A 200 MW facility launched at Maktoum Solar Park

Electricite de France and Abu Dhabi-based renewables firm Masdar launched a 200-megawatt (MW) facility, which is the third and latest phase of the Mohammed bin Rashid Al Maktoum Solar Park, as stated by local media.

read more... 07/05/2018

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Daily (07.05.2018): WTI crude surged by 1.9% on Friday due to tight global supplies

Oil prices rose on Friday on tight global supplies and because the market waited for the news on possible new U.S. sanctions against Iran. Brent crude added $1.25, or 1.7 percent, to close at $74.87 a barrel. WTI futures settled 1.9% higher at $69.72 a barrel.

read more... 07/05/2018

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Daily (04.05.2018): French spot power contract down 8.9% on Thursday due to higher wind and solar generation

OPEC output cuts and the potential for new U.S. sanctions on Iran bolstered oil prices on Thursday. Brent crude gained 26 cents, or 0.4%, to close at $73.62 a barrel. WTI futures added $0.5, or 0.7%, to end at $68.43 a barrel.

read more... 04/05/2018

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