Latest news
E.ON forecasts reduction in energy bills of at least £85 from Autumn
The energy supplier says this change is due to the ‘dramatic’ fall in energy demand during the lockdown
read more... 05/08/2020
BP to spend $5B annually towards its net zero ambition
BP to cut fossil fuels output by 40% by 2030
read more... 05/08/2020
Daily (05.08.2020): Brent crude hit its highest settlement since early March on Tuesday, driven by the anticipation of a drop in U.S. stocks
Crude oil futures rose for a third straight session on Tuesday, driven by tumbling dollar, hopes of a new economic stimulus package in the U.S. and expectations that U.S. stockpiles drop again. Hence, Brent crude added 28 cents, or 0.6%, to settle at $44.43 a barrel, its highest close since March 6 At the same time, U.S. WTI crude rose by 69 cents, or 1.7%, to end at $41.70, its highest settlement since July 21.
read more... 05/08/2020
Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data
Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.
read more... 04/08/2020
Shell wraps up acquisition of carbon farming company
Environmental services company Select Carbon specialises in developing projects which aim to increase carbon capture in plants or soil and reduce Australia’s emissions
read more... 04/08/2020