Oil prices surged on Thursday, driven by indications of strong demand as US crude exports hit a historic high of 4.06 million bbl/day in 2023, reflecting a 13% rise from 2022. Persistent worries over tensions in the Middle East provided further support. As a result, Brent crude stood at $81.63 a barrel, while WTI crude settled at $76.22 a barrel, both contracts climbing by over 3% day-on-day.
read more... 09/02/2024
Oil prices rose on Monday as geopolitical risks outweighed economic concerns. Thus, Brent crude stood at $77.99, while WTI crude settled at $72.78 per barrel, with both contracts gaining about 1% day-on-day.
read more... 06/02/2024
Wind output accounted for 25pc of the Spanish generation mix and fell on the year in January 2024. Peninsular electricity demand rose slightly from January 2023.
read more... 05/02/2024
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
Prices of European power purchase agreements (PPA) for green electricity fell 2% in the fourth quarter of 2023, making a case for buyers to strike new deals ahead of an expected rise in demand, price tracking platform LevelTen said on Thursday.
read more... 02/02/2024