Latest news
Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
Daily (20.07.2023): European carbon prices reached a two-week high amid upcoming cuts in auction volumes
On Wednesday, crude oil prices slipped on concerns about Chinese and US demand. Hence, Brent crude edged 0.2% lower at $79.46 a barrel, while WTI crude decreased by about 0.5% to settle at $75.35 a barrel.
read more... 20/07/2023
.jpg)
Global power demand growth to rebound in 2024 after slowdown
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
.jpg)
EU matches 12bcm in second round of joint gas buying
The EU’s new joint gas buying platform matched 11.98bcm of sales offers and demand for delivery from August 2023-March 2025 in its second tendering round, European Commission vice president Maros Sefcovic said on Thursday.
read more... 14/07/2023