German ministry is against regional bans on diesel cars

14/06/2017 15:44 Legislation


Germany's transport ministry is opposing the ban on diesel cars at the regional level as a means of tackling air pollution.

The federal government has received a report that local authorities in Munich are planning to introduce diesel cars interdiction. "Driving bans are the wrong political approach," mentioned the Ministry spokesman at a news conference on Wednesday.


Munich's mayor declared on Wednesday that the city, with headquarters of German carmaker BMW, is considering to interdict diesel vehicles in the Bavarian capital to improve air quality, as the engines produce "shocking" nitrogen oxides emissions.

Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08:00

As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.


Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up

14/07/2017 11:26:00

Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.


Peru told to suspend talks about oil until pollution is redressed

14/07/2017 10:31:00

Peru was told to cease negotiations for new oil rig in the Amazon until prior pollution was eliminated on Thursday by UN human rights experts.