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

18/04/2017 10:10 Daily


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 (15.09.2017): Brent hit a five-month high settling at $55.47 a barrel

15/09/2017 10:50:00

Oil prices hiked on Thursday, with Brent closing at a five-month high, after several reports predicted a further tightening of the market as fuel demand increased.


Russian project will lack EU financing in consequence of US sanctions

14/09/2017 16:22:00

The Austrian OMV CEO stated that US sanctions will have a serious impact on big Russian projects. OMV is one of the investors in the Nord Stream-2 trans-Baltic gas pipeline project.


North Sea wind group enlarged with one more gas grid operator

14/09/2017 14:53:00

Gasunie, the gas grid operator in the Netherlands, will become a part of the North Sea Wind Power Hub conglomerate.