Oil prices diverged on Thursday. Brent crude decreased by 0.5% to 64.23 USD/bbl, as lower Industrial output data in China and political uncertainty around the prospect of a delayed Brexit weighed on prices. WTI futures rose by 0.6% to 58.61 USD/bbl, supported by an expected decline in U.S. crude inventories and output, as well as by U.S. sanctions on Venezuela and Iran.
read more... 15/03/2019
Ireland has voted to become the first country in the world to divest from fossil fuels.
read more... 17/07/2018
Members of the European Parliament (MEPs) agreed to cut energy consumption by 40% by 2030. Every European Union state will have to establish its own corresponding national energy efficiency objectives necessary to attain the global target.
read more... 29/11/2017
Oil prices fell on Thursday, backing off from recent gains that were stimulated by tension around northern Iraq after the Kurdistan region's vote in favour of independence. Brent crude price settled down 49 cents, or 0.9%, at $57.41 a barrel. Meanwhile, WTI crude traded 1.1% lower at $51.56 a barrel.
read more... 29/09/2017
The Green party pledges to stop oil exploration in Norway and phase out production within 15 years. Norway's number one industry accounts for half of national exports and employs over 180,000 people. The greens have been gradually gathering support over the past 4 years and are polling at about 5% of the votes, underlining changes in Norwegian society and divisions over the future of oil.
read more... 01/09/2017