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Spain On Track To Generate 50% Of Its Power From Renewables In 2023
Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to Rystad Energy forecasts. Spain will reach this significant decarbonization milestone this year, with renewable-sourced generation surpassing the 50% average in 2023, beating France, Germany, Italy and the UK to this record.
read more... 08/06/2023
First hydrogen bank auction will help gauge market
The first auction to support green hydrogen production in Europe will help understand supply and demand on the emerging EU market when it takes place at the end of the year, according to the European Commission.
read more... 02/06/2023
Daily (31.05.2023): Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand
Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand with the prospect of a standstill at Sunday's OPEC+ alliance meeting. Hence, Brent crude settled at $69.46 a barrel. Meanwhile, WTI crude traded at $73.54 a barrel.
read more... 31/05/2023
Daily (30.05.2023): Weaker demand and high storage levels continue to weigh on gas prices
Crude oil prices rose on Monday after President Biden and House Speaker Kevin McCarthy were believed to have reached a preliminary agreement on lifting the debt ceiling. Brent crude added 0.2% to settle at $77.07 a barrel. WTI crude increased by 0.4% to trade $72.96 per barrel.
read more... 30/05/2023
Daily (23.05.2023): European spot electricity prices rocketed by around 50% on Monday amid expectations of lower wind energy generation
Brent crude increased by 0.5% to $75.99 a barrel on Monday as oil demand is expected to rise in the second half of the year and amid declining supplies from Canada and OPEC+. WTI crude traded 0.7% higher at $72.1 a barrel.
read more... 23/05/2023