Bloomberg Oil reached its highest level since March as the start of the US presidential transition process buoyed broader markets and a string of positive Covid-19 vaccine news continued to support the demand outlook. Futures rose to their highest since March in New York, alongside the back-end of the forward curve strengthening markedly into backwardation. The structures of both WTI …

Bloomberg China may delay the launch of its national carbon market for power companies to the first half of 2021, according to a researcher who helped the government design the emissions trading system. Actual trading of emission allowances will likely begin next year, Zhang Xiliang, director of Tsinghua University’s Institute of Energy, Environment and Economy, said at the International Finance …

Bloomberg The UK government plans to double the amount of renewable power supported by the country’s main subsidy mechanism and create a new structure that will bolster a variety of technologies, speeding up a wave of new investment. The next round of the contracts for difference system will clear the way for as much as 12 gigawatts of new green …