Latest news
Daily (29.03.2021): Crude oil priced climbed by 4% on Friday due to the extended blockage of the Suez Canal
Crude oil prices strengthened on Friday, as the Suez Canal blockage hampered global crude supply. Hence, Brent oil gained 4.2% to close at $64.57 a barrel and WTI crude soared by 4.1% to $60.97 a barrel.
read more... 29/03/2021
.jpg)
China generated over half world's coal-fired power in 2020
China generated 53% of the world's total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday.
read more... 29/03/2021
UK’s CO2 emissions ‘fell by almost 11% last year’
The UK saw a 10.7% fall in carbon dioxide emissions last year.
read more... 29/03/2021
Oil Majors Look To Exit Tunisia
European oil majors Shell, Eni, and OMV are looking to sell their oil and gas assets in North African country Tunisia, sources in the industry told Reuters on Friday.
read more... 29/03/2021
Daily (26.03.2021): Oil prices dropped by about 4% on Thursday, on the pace for the third consecutive week of losses amid mounting lockdowns in Europe
Oil prices pulled back on Thursday and are on the track to reach the third straight week of losses as a new round of coronavirus restrictions in Europe revived worries about demand, counterbalancing the potential impact of a blocked Suez Canal. Hence, Brent crude shed by $2.46 or 3.8% to settle at $61.95 a barrel. Meanwhile, U.S. WTI crude dropped by $2.62 or 4.3% to close at $58.26 per barrel.
read more... 26/03/2021