OIL FUTURES: Crude traces equities lower, shrugging off US inventory draw

This post was originally published on this siteCrude moved lower during midmorning New York trading May 18 as renewed weakness in US equity markets offset a larger-than-expected US inventory draw. At 1453 GMT, NYMEX June WTI was down $1.07 at $111.33/b and ICE July Brent was down $1.10 at $110.83/b. US commercial crude stocks fell […]

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Outpacing global regulator, EU moves to introduce carbon pricing for shipping and Ocean Fund

This post was originally published on this siteThe European Parliament’s Environment Committee (ENVI) has voted to adopt the European Commission’s proposal to include shipping in the EU Emissions Trading System (ETS), surpassing the (in)activity of the UN maritime body, the International Maritime Organization (IMO), to introduce a similar system. The post Outpacing global regulator, EU

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