Latest news
Daily (27.02.2023): Power prices increased on Friday amid rising gas and coal prices
Oil prices rose on Friday due to the prospect of lower Russian exports which counterbalanced rising US stocks. Consequently, Brent crude increased by 1.1% to $83.16 a barrel and WTI oil ended 1.2% higher at $76.32 a barrel.
read more... 27/02/2023
Daily (24.02.2023): Brent crude increased on Thursday amid hopes for stronger Chinese demand and a decline in Russian output
Oil prices recovered on Thursday, supported by hopes for a Chinese economic recovery and expected declines in Russian production. Despite a surge in U.S. inventories, Brent crude oil jumped by 2%, to settle at $82.21 per barrel.
read more... 24/02/2023
Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
Borrell: New EU sanctions against Russia before Feb 24
European Union High Representative for Foreign Affairs Josep Borrell stated on Monday that the 10th sanctions package against Russia is expected to be adopted by the EU before the end of the week, which also marks the anniversary of the onset of the Ukrainian conflict.
read more... 21/02/2023
MEPs sign off plan to raise EUR 20bn from EUA sales
The European Parliament approved raising EUR 20bn from EU carbon allowance sales to help fund its REPowerEU plan to cut the bloc’s dependence on Russian gas and oil quickly in a vote on Tuesday.
read more... 15/02/2023