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Daily (07.11.2023): European spot electricity prices skyrocketed by over 300% on Monday amid declining wind generation and a drop of French nuclear availability
Oil prices recovered slightly on Monday, after Saudi Arabia and Russia reaffirmed their crude production and export cuts until the end of the year. Consequently, Brent crude closed at $85.18 per barrel, and WTI crude ended at $80.82 per barrel.
read more... 07/11/2023
Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
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EU electricity market deal paves way for France to ditch divisive ARENH scheme
A deal on reforming the EU’s power market, reached by the 27 EU member states on Tuesday (17 October), paves the way for Paris to ditch a much-decried scheme forcing state utility EDF to sell its nuclear energy production to competitors below market price.
read more... 20/10/2023
Daily (26.09.2023): European power spot prices surged amid a sharp decline in wind output
On Monday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by predicted U.S. oil record output in September. Hence, Brent crude traded at $93.29 a barrel. Meanwhile, U.S. WTI crude slipped by 0.4% to $89.68 a barrel.
read more... 26/09/2023
Daily (20.09.2023): British gas prices turned bullish on Tuesday due to lower supply from Norway
On Tuesday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by renewed global macroeconomic worries. Hence, Brent crude traded at $94.34 a barrel. Meanwhile, U.S. WTI crude slipped by 0.3% to $91.20 a barrel.
read more... 20/09/2023