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Daily (30.11.2021): Oil prices rebounded on Monday as Omicron fears receded
Crude oil prices rebounded on Monday, recouping some of Friday’s heavy losses as market participants turned their focus to the upcoming meeting among OPEC and Russia-led partners, offsetting Omicron worries. Hence, Brent crude increased by 1% to $73.44 a barrel. U.S. WTI crude soared by 2.6% to end at $69.95 a barrel.
read more... 30/11/2021
Daily (25.11.2021): Carbon prices surged by over 5% on Wednesday, as Germany agreed on plans of setting the EU ETS at a minimum of 60€/tonne
Oil prices decreased slightly on Wednesday, pressured by a rise in US crude reserves. Nevertheless, losses were offset by low-volume trading ahead of the Thanksgiving holiday. Hence, Brent oil and WTI crude edged 0.1% lower at $82.25 and $78.39 a barrel, respectively.
read more... 25/11/2021
Spain seeks EU permission to adjust power price mechanism
Spain's government is planning to seek permission from the European Union to set its own power prices outside the internal energy market system as it looks to offset the impact of bullish gas prices, Spanish newspaper El Pais reported Oct. 26, citing a government position paper.
read more... 27/10/2021
Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021
Daily (26.07.2021): Spot power prices lost ground on Friday, on forecasts of stronger wind levels
Oil prices increased slightly on Friday, as signs of strengthening demand were offset by concerns over the Delta variant of the coronavirus. Hence, Brent crude gained merely 0.4% at $74.10 a barrel and WTI oil edged 0.2% higher at $72.07 a barrel.
read more... 26/07/2021