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

18/04/2017 10:10 Daily

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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 (19.07.2017): Oil prices jumped by 0.8% on Tuesday supported by strong demand from China

19/07/2017 09:51:00

Oil prices jumped on Tuesday, supported by strong demand from China. Nevertheless, many markets are well supplied and oil for prompt delivery is trading at heavy discounts to forward futures, consequently crude oil prices remain under pressure and trading volumes are quite low. Brent crude edged up by almost 0.9% to close at $48.84 a barrel, while WTI price rose by 0.83% to end at $46.40 a barrel.

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Iberdrola to enter Italy's retail electricity market by the end of the year

19/07/2017 08:12:00

Spanish utility Iberdrola will enter Italy's retail electricity market by the end of the year and is aiming 5-7 percent of the nation's over 37 million consumers, one of the group's top managers declared on Tuesday.

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Macron might have persuaded Trump to change his mind about the Paris agreement

18/07/2017 14:21:00

French President Emmanuel Macron said there is hope that U.S. President Donald Trump might change his mind in regard to the withdrawal of the United States out of the Paris climate agreement.

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