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Daily (27.01.2022): European carbon prices gained around 1.4% on Wednesday, amid an increase in traders positions on the market and strong auction results
Crude oil prices rose on Wednesday, as a conference of Russian, Ukrainian, French, and German negotiators in Paris failed to produce any concrete results. In addition, the weekly EIA report revealed a decrease in US strategic oil reserves, driving prices higher. Despite an increase in weekly crude stockpiles, both Brent oil and WTI crude jumped by 2% to $89.96 a barrel and $87.35 a barrel, respectively.
read more... 27/01/2022
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Russian gas supply halt would deal EU economic hit
The European Union could cope with a short term halt to all Russian gas imports but doing so would have “profound economic consequences” and require emergency measures to curb demand, according to analysis by the think tank Bruegel.
read more... 27/01/2022
Bentley to build first EV in the UK
Bentley has committed to building its first electric vehicle (EV) in the UK, with a £2.5 billion investment during the next 10 years in sustainability.
read more... 27/01/2022
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Britain to give EDF’s Sizewell C nuclear project $135 mln support
Britain will give 100 million pounds ($135 million) of support to France’s EDF to help it build the Sizewell C nuclear plant in Suffolk, England and encourage new investors in the project, the government said on Thursday.
read more... 27/01/2022
Daily (26.01.2022): Brent crude rose by more than 2% amid persisting geopolitical tensions and supply concerns
Geopolitical tensions sent crude prices higher amid an already tight oil market. Threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase lent additional support to prices. As such, Brent crude rose by 2.2% to end at $88.20 a barrel. At the same time, WTI crude price increased by 2.8% to settle at $85.20 a barrel.
read more... 26/01/2022