China’s carbon market set to miss target to start trading

It’s unclear when the market will begin operating, a spokesperson with the Shanghai Environment and Energy Exchange, which will host trading, said Monday. Trading won’t now happen until after July 1 because of a lack of organization, according to a person familiar with its development. The Ministry of Ecology and Environment, which oversees the carbon […]

Oil prices hold near 2018 highs as OPEC output looks to trail global crude demand

The Organization of Petroleum Exporting Countries and its allies will meet Thursday, when they may decide to boost output by 550,000 barrels a day in August, a Bloomberg survey shows. Physical oil markets are screaming for more supply. Still, Saudi Arabia, OPEC’s top producer, has so far proceeded cautiously, with the persistence of Covid-19 and […]