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Daily (09.08.2023): Oil prices rose on Tuesday as tight supply offset disappointing Chinese commercial data
Oil prices rose on Tuesday after initially losing ground, amid concerns about Chinese demand following the release of disappointing commercial data in the country. As a result, Brent crude surged by 1% to $86.17 a barrel, while WTI crude increased by 1.2% to settle at $82.92 a barrel.
read more... 09/08/2023
Global standards launched to grow $2 billion voluntary carbon market
A global initiative to grow the $2 billion market for carbon offsets outlined criteria for new voluntary standards on Thursday, and said it aims to issue labelled credits by the year-end to make the unregulated marketplace more transparent.
read more... 28/07/2023
Daily (12.07.2023): Oil prices rose by over 2% on Tuesday as production cuts by OPEC+ offset worries about the global economic outlook
Oil prices rose on Tuesday as production cuts by OPEC+ and a slight decline in the value of the US dollar counterbalanced worries about the global economic situation, which included indications of reduced demand from China. Thus, WTI crude traded 2.5% higher at $74.83 a barrel, while Brent crude increased by 2.2% to settle at $79.40 a barrel.
read more... 12/07/2023
Daily (07.07.2023): British gas prices fell on Thursday amid continuing high stock level
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023
Daily (16.05.2023): European Cal24 power prices fell on Monday amid an overall bearish energy complex
Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023