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Daily (16.05.2024): European carbon prices fell on Wednesday amid persistent selling pressure and reduction in investment funds' short position
Wednesday saw an uptick in oil prices, propelled by renewed optimism regarding the potential for China's economic recovery to stimulate demand for the remainder of the year. Hence, Brent crude settled 0.5% up at $82.75 per barrel, while WTI crude stood at $78.63 per barrel, increasing by about 1% day-on-day.
read more... 16/05/2024
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European Commission Ends Probe Into Chinese Solar Firms
The European Commission will end an investigation into Chinese solar companies after the firms withdrew from bidding for a solar power project in Romania, Thierry Breton, the European Internal Market Commissioner said on Monday.
read more... 14/05/2024
Daily (10.05.2024): European carbon prices rose by over 2% on Thursday, driven by technical trading activity
Oil prices ended slightly higher on Thursday following a decrease in crude oil inventories. Hence, Brent crude slightly rose by 0.4% to $79.26 per barrel. WTI crude reached $83.88 per barrel, gaining 0.3% day-on-day.
read more... 10/05/2024
Norway Expands Arctic Acreage for Oil and Gas Drilling in Mature Areas
Norway is expanding the acreage in the Barents Sea and the Norwegian Sea, for which companies vying for licenses in mature areas can bid this year, the energy ministry of Western Europe’s largest oil and gas producer said on Wednesday.
read more... 09/05/2024
EU needs more hydrogen auctions to reach target
Europe will need more auctions and more support for hydrogen projects to achieve a 2030 target following the modest results of a tender last week, project developers said on Wednesday.
read more... 09/05/2024