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Daily (27.04.2023): Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories failed to offset concerns about the global economy
Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories and a rebound in demand failed to offset the escalating concerns about the global economy. As a result, Brent and WTI crude plummeted by around 4% day-on-day, to settle at $77.69 and $74.30 a barrel respectively.
read more... 27/04/2023
Daily (19.04.2023): European carbon prices posted significant gains on Tuesday as European Parliament lawmakers approved a series of market adjustments
Oil prices remained mostly flat Tuesday, as Chinese economic figures offset interest rates concerns. Brent crude settled at $84.77 a barrel and WTI crude ended at $80.86 a barrel.
read more... 19/04/2023
Daily (13.04.2023): WTI crude ended at its highest level of the year on Wednesday, amid fears of a tightening global supply and slowing U.S. inflation
Oil prices climbed on Wednesday, with WTI crude ending at its highest level of the year, as fears of a tightening global supply and slowing U.S. inflation offset the slight rise in U.S. crude inventories. As a result, Brent crude ended at $87.33 a barrel, while WTI crude settled at $83.26 on Wednesday.
read more... 13/04/2023
Daily (30.03.2023): Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, despite a sharp rise in US demand
Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, which more than offset the weekly report from the U.S. Energy Information Agency (EIA) that commercial crude inventories shrank by 7.5 million barrels. Thus, Brent crude fell by 0.5% to $78.28 a barrel, while WTI crude edged 0.3% down at $72.97.
read more... 30/03/2023
EC demands more transparency around carbon offsets in greenwashing crackdown
The European Commission will require companies to provide details on the origination and methodologies of the carbon credits it is using, according to its new proposal aimed at countering greenwashing and misleading environmental claims.
read more... 24/03/2023