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Daily (03.05.2024): EUAs posted their second-largest daily increase of the year on Thursday following a decline in net short positions
On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
Daily (25.04.2024): European carbon prices rose on as Commitment of Traders' data failed to boost sentiment
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
IEA sees electric car boom displacing up to 12 million b/d of oil by 2035
The International Energy Agency raised April 23 its estimates for global oil demand displacement from booming sales of electric vehicles citing growing policy impetus in key markets.
read more... 24/04/2024
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Belgium demands probe into “massive” French power export curbs
The ongoing cuts, which French TSO RTE said it had been forced to carry out to ensure the safety of the grid, were weighing on already low French prices in an oversupplied market, helping to keep them well below those in Belgium and Germany, analysts said.
read more... 22/04/2024
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What’s next for EU power market
The EU’s latest electricity market reforms will shortly enter into law but the ongoing dramatic transformation of Europe’s electricity system means that these reforms may be one building block in a much wider policy revolution.
read more... 19/04/2024