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Daily (01.12.2023): European carbon prices hit 13-month low amid renewed selling

Oil prices closed lower on Thursday despite OPEC+ members announcing additional production cuts. The market responded cautiously to the announcement, as several OPEC and allied nations pledged further reductions to enhance market stability and balance. Consequently, Brent crude edged 0.3% down at $82.83 per barrel, while WTI crude ended over 2% lower to settle slightly below $76 per barrel.

read more... 01/12/2023

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OPEC+ Reaches Deal “In Principle” on Oil Output Cuts

OPEC+ reached a deal on Thursday that would see the group’s oil production cuts spill over into the new year—and at a level that is a deeper cut than is currently in place, delegates said following today’s JMMC meeting.

read more... 01/12/2023

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New UK planning rules to boost solar rollout and slash energy bills

Homeowners and businesses will face fewer planning delays in installing rooftop solar panels under new rules, cutting red tape and supporting the government’s net zero ambitions.

read more... 01/12/2023

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France plans to launch a 10 GW offshore wind auction in 2025

France has announced plans to launch a call for tenders in 2025 for the installation of 10 GW of offshore wind parks.

read more... 01/12/2023

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Daily (30.11.2023): Gas prices tumbled on Wednesday, driven by falling demand and a well-supplied market

Oil prices increased by about 2% on Wednesday, driven by optimistic reports suggesting that the OPEC+ alliance is contemplating additional reductions in oil production. Consequently, Brent crude settled at $83.10 per barrel, while WTI crude ended at $77.86 per barrel.

read more... 30/11/2023

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