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Daily (27.04.2023): Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories failed to offset concerns about the global economy
Oil prices plunged on Wednesday, as the larger-than-expected drop in U.S. inventories and a rebound in demand failed to offset the escalating concerns about the global economy. As a result, Brent and WTI crude plummeted by around 4% day-on-day, to settle at $77.69 and $74.30 a barrel respectively.
read more... 27/04/2023
Netherlands to spend $31 billion in drive to meet 2030 climate goals
The Dutch government on Wednesday said it would spend 28 billion euros ($31 billion) in the coming years to guarantee it would meet its climate goals for 2030.
read more... 27/04/2023
IEA forecasts global EV sales to surge by 35% in 2023, will acquire 18% share of global car market
Global electric vehicle sales are set to surge by more than a third in 2023 on the back of continued support from government policies across China, Europe and the United States, according the latest Global Electric Vehicle Outlook released by the International Energy Agency on April 26.
read more... 27/04/2023
EU seals carbon market reform to speed cuts in greenhouse gases
The world’s first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2, and has cut emissions from those sectors by 43%.
read more... 27/04/2023
Daily (26.04.2023): European carbon prices fell to a 3-month low on Tuesday amid continued selling pressure
Oil prices tumbled to their lowest level since late March before the announcement of a production cut by OPEC+. As a result, Brent and WTI crude declined by more than 2% day-on-day, to settle at $80.77 and $77.07 a barrel respectively as risk appetite has affected the market.
read more... 26/04/2023