The European Commission’s proposed Carbon Border Adjustment Mechanism is meant to replace free allowances distributed to industry under the existing EU ETS, but European steelmakers worry the transition will be a mess and leave them without protection from foreign competitors.
read more... 15/02/2022
Oil prices increased sharply on Friday, as US defense officials anticipated Russian forces to commence the invasion in the coming weeks. As a result, Brent crude soared by 3.3% to $94.44 a barrel and WTI oil jumped by 3.6% to $93.10 a barrel.
read more... 14/02/2022
Crude oil prices ended higher on Friday, on worries about the continued Ukrainian crisis and insufficient production from OPEC members. Moreover, a winter storm that hit the US, impacting production and supply, also boosted prices. As such, Brent oil rose by 2.4% to $93.27 a barrel and WTI crude gained 2.3% at $92.31 a barrel.
read more... 07/02/2022
A workforce of up to 4,000 at peak times will be needed for the next phase of EDF's Hinkley Point C nuclear power plant project which has just been given the official go-ahead.
read more... 03/02/2022
Crude oil prices increased slightly on Friday, amid extended risks to crude supply due to escalating geopolitical tensions between Ukraine and Russia. Thus, Brent oil rose by 0.8% to $90.03 a barrel and WTI crude edged 0.2% higher at $86.82 a barrel.
read more... 31/01/2022