Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
Oil prices posted a slight increase on Friday ahead of an uncertain weekend following Israel's attack on Iran. Hence, Brent crude stood at $87.29 a barrel, down 0.2% day-on-day, while WTI crude fell by 0.5% to close at $83.14 a barrel.
read more... 22/04/2024
The European Union is looking into whether to bring emissions removal credits into its carbon market, a move that could reopen the market to carbon credits in future years, a European Commission official said on Wednesday.
read more... 18/04/2024
Oil prices remained steady on Tuesday while traders awaited Israel's response to an Iranian attack on its territory over the weekend. Brent crude settled at $90.02 a barrel, while WTI crude stagnated at $85.36 a barrel.
read more... 17/04/2024
Five northern European countries – Denmark, Norway, Belgium, the Netherlands, and Sweden – have laid the foundations for Europe’s carbon capture and storage (CCS) infrastructure by joining forces to conclude arrangements on the transport and storage of carbon across borders.
read more... 17/04/2024