Oil prices lost ground on Wednesday, pressured by lingering coronavirus fears. Moreover, prices suffered as OPEC+ members delayed their decision on whether to further raise their crude production or not. Thus, Brent oil fell by 2.4% to $68.87 a barrel and WTI crude ended 0.9% down at $65.57 a barrel.
read more... 02/12/2021
Oil prices held steady on Thursday amid thin liquidity conditions due to US market closures for Thanksgiving. Reports that the U.S. continues to exert pressure on Russia to increase output had little effect on crude oil markets yesterday. Hence, Brent crude ended flat at $82.22 a barrel. U.S. WTI crude slipped by 0.4% to $78.10 a barrel.
read more... 26/11/2021
In the face of rising energy prices, Spain and Poland have called for trading limits to be placed on the world’s largest carbon market, the EU Emissions Trading Scheme (EU ETS). Market analysts, however, say speculative positions are currently too small to be statistically significant.
read more... 26/11/2021
Oil prices decreased slightly on Wednesday, pressured by a rise in US crude reserves. Nevertheless, losses were offset by low-volume trading ahead of the Thanksgiving holiday. Hence, Brent oil and WTI crude edged 0.1% lower at $82.25 and $78.39 a barrel, respectively.
read more... 25/11/2021
Germany hopes to bring forward its coal phase-out by eight years to 2030, boosting renewables' share of the generation mix to 80pc, the incoming government announced today.
read more... 25/11/2021