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Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up
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.
read more... 14/07/2017
Peru told to suspend talks about oil until pollution is redressed
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.
read more... 14/07/2017
UK's electric vehicles could reach a peak demand of 3.5GW by 2030
According to a long-term forecast by the National Grid, electric vehicles (EVs) could raise demand for electricity by 3.5GW by 2030, and by 18GW twenty years later, which equals to around six Hickley Point nuclear power stations.
read more... 13/07/2017
Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday
Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.
read more... 13/07/2017
Hungary’s renewable support scheme gains EU favour
The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.
read more... 13/07/2017