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Daily (09.07.2021): Oil prices moved upwards on Thursday amid bigger than expected drop in U.S. inventories, OPEC impasse
Crude oil prices rebounded on Thursday amid much bigger drop than expected in U.S. crude and gasoline inventories, but uncertainty about global supplies continued to limit upside following a dispute between OPEC heavyweights over production plans. Hence, Brent crude rose by 69 cents, or 0.9%, to settle at $74.12 a barrel. U.S. WTI crude added 74 cents, or 1%, to close at $72.94 a barrel on the NYMEX.
read more... 09/07/2021
Norway to spend $1.2 bln on renewable projects in developing nations
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday, and urged private investors to work with it.
read more... 08/07/2021
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French gas storage mechanism seen paving way for 100% renewable gas
The European Commission’s green light for a natural gas storage aid scheme in France was welcomed by infrastructure operator Storengy, which says it will allow the transition to 100% renewable gas. EURACTIV France reports.
read more... 07/07/2021
Top court gives French government nine months to act on climate change
France's highest administrative council on Thursday told the government to act now against climate change to ensure it meets comments on reducing greenhouse gas emissions, or else it could face potential fines.
read more... 02/07/2021
EBRD stops investing in upstream oil and gas to align with Paris goals
The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday.
read more... 02/07/2021