The US retreat from the global climate deal has been launched. While there is broad agreement that the long-term consequences of Trump's move is yet to be seen, it has had an immediate impact on the oil price.
US reference oil WTI, was handled at USD 0.87 lower than the day before, at USD 47.46 per barrel, while European Brent also smoked under the USD 50 market. With a decline of 80 cent, from dawn the price has landed at USD 49.75 per barrel.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Director of technological development and projects in gas transmission 
Senior Market Director, Electrification and Smart Grid 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Compliance Officer with an interest in sustainability 
Project Developer 
Industry specialist and architect - Energy & Utility 
We are looking for advisers who will help shape the green transition and develop the business area "Sustainable Energy" 
Strong project manager for one of the world's most important green projects 
Junior Analyst for Power Solutions 
Strategic project manager for the green transition 
Marine Sales Executive - Performance Coatings 
Energy specialists - sales and consulting of heat pump solutions 
Strategic Business Development Consultant 
Engineer or physicist with an interest in energy, international work, supervision and regulation 
Team Manager