Daily (18.04.2017): German spot power climbed by almost 135%

18/04/2017 10:10 Daily

news

Crude oil recuperated earlier losses on Monday in passive trading, but signs that the United States is continuing to increase production offset strong economic growth in China and OPEC-led efforts to reduce output.

Brent crude prices were down 53 cents, settling at $55.36 per barrel at the beginning of the week.  U.S. West Texas Intermediate crude futures slipped back by 53 cents, closing at $52.65 per barrel on Monday. U.S. crude oil production registered 9.24 million barrels per day (bpd), according to the latest Energy Information Administration data, making it the world's third-largest producer after Russia and Saudi Arabia.

 

German spot power climbed considerably, or by almost 135% on Monday, hitting 34.30 euros per megawatt-hour (MWh), due to a higher demand caused by a cold weather. Meanwhile cold weather also affected French spot power prices, which show signs of recovering, jumping by around 15% to close at 35.69 euros per MWh.

Daily (22.11.2017): EU carbon contracts posted 0.7% losses on Tuesday

22/11/2017 11:15:00

Oil prices surged on Tuesday, buyout by expectations of an extension next week to OPEC production cuts, but were under pressure from signs of increased output in the United States.

<READ MORE

Russia aims strategic energy partnership with China

21/11/2017 16:13:00

Russian oil giant Rosneft has signed an agreement with Chinese company CEFC Energy, aiming crude oil supply. The accord is based on a long-term deal inked between parties earlier. The delivery will start next year.

READ MORE

The boost of low-cost renewables changes EU energy expectations for 2030

21/11/2017 13:54:00

The accelerated fall in wind and solar energy costs, and flexible demand technology could substitute more than 50% of coal and gas generated electricity in Europe by 2030, as indicated in a recent research published on Tuesday.

READ MORE