Latest news
Maersk carbon tax proposal may provide advantage
Danish shipping company Maersk's proposal for a $450/t tax on carbon could give it a competitive advantage over others in the industry given its size and financial stability.
read more... 05/07/2021
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Lukoil and BP eye Iraq upstream exit
Ismael said in a video posted to the oil ministry's Facebook page late yesterday that Lukoil has sent him a notification to sell its stake in the 13 bn bl West Qurna 2 field and that BP wanted to pull out of Rumaila, Iraq's single biggest producing field with a capacity of nearly 1.5mn b/d.
read more... 05/07/2021
Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021
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
Germany to have 1 million electric cars on the road in July
Germany will in July have 1 million electric cars on the road, hitting its target six months late, Economy Minister Peter Altmaier told Tagesspiegel daily on Friday, saying subsidy programmes had boosted demand.
read more... 02/07/2021