On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023
The European Commission has adopted a new carbon border adjustment mechanism (CBAM) for certain imported goods, it said on Thursday.
read more... 18/08/2023
The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.
read more... 17/08/2023
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology.
read more... 14/08/2023