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Daily (31.07.2023): Oil prices extended gains on Friday, driven by supply constraints and a better-than-expected US economy
On Friday, oil prices extended their gains, driven by supply limitations and a stronger-than-anticipated performance of the US economy. Thus, WTI crude ended 0.6% higher at $80.58 a barrel, while Brent crude rose by about 1% to settle at $84.99 a barrel.
read more... 31/07/2023
EU to squeeze carbon market cap in 2024 as new climate policies kick in
The European Union will shrink the supply added to its carbon market next year, as it presses ahead with reforms to strengthen Europe's main policy for curbing greenhouse gas emissions, the European Commission said on Friday.
read more... 31/07/2023
Daily (28.07.2023): Oil prices rose by over 1% on Thursday amid tight supply, falling US crude reserves and improving demand
Oil prices rose on Thursday, driven by continued tight supply, while demand remained resilient despite recession fears. Weekly figures released on Wednesday by the EIA showing a drop in commercial crude reserves and an increase in demand provided further support. Thus, WTI crude ended 1.7% higher at $80.09 a barrel, while Brent crude advanced by 1.6% to settle at $84.24 a barrel.
read more... 28/07/2023
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EU faces winter gas supply risk on limited LNG growth
Europe still faces risks to its gas supply this winter as the global availability of LNG upon which it depends looks set to expand only modestly this year, commodities consultancy Icis said on Monday.
read more... 26/07/2023
EU strikes gas, hydrogen deal with Argentina
The European Commission has signed a non-binding agreement with Argentina to facilitate a stable supply of liquefied fossil gas (LNG) to Europe in exchange for cooperation on green energy and Buenos Aires reigning in gas leakage.
read more... 19/07/2023