Sunday, July 26, 2026
Global carbon markets value surged to record $851 bln last year-Refinitiv- oil and gas 360

Global carbon markets value surged to record $851 bln last year-Refinitiv

Reuters LONDON – The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, analysts at Refinitiv said on Monday. Most of the increase came from the European Union’s Emissions Trading System (EU ETS), which launched in 2005 and is the world’s most established carbon market. It

Oil rises on geopolitical risks, supply shortage- oil and gas 360

Oil rises on geopolitical risks, supply shortage

CNBC Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude was up 77 cents, or 0.86%, at $90.80 per barrel. The front-month contract for March delivery expires later in the day. The most-active Brent contract, for