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
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
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
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
Oil prices extended gains on Wednesday, buoyed by renewed risk appetite following a positive US inflation indicator, against a backdrop of shrinking supply. Thus, WTI crude traded 1.2% higher at $75.75 a barrel, while Brent crude rose by 0.9% to settle at $80.11 a barrel.
read more... 13/07/2023