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Daily (16.03.2023): European power prices fell on Wednesday amid lower gas and CO2 prices
Oil prices had a bearish evolution on Wednesday due to a crisis in the banking sector and amid worries about the broader economy. Consequently, Brent crude decreased by 4.8% to $73.69 a barrel and WTI oil closed 5.2% lower at $67.61 a barrel.
read more... 16/03/2023
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US crude oil exports hit record high in 2022, EIA data shows
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023
Britain considers coal power back-up for next winter - National Grid
Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday but plant operators said they are unlikely to be able to meet the request.
read more... 16/03/2023
The EU to triple renewable production by 2030
The EU has announced new plans to increase renewable production by a third and phase-out natural gas use amid volatile energy prices.
read more... 16/03/2023
Daily (15.03.2023): Spot electricity prices in Europe soared on Tuesday, driven by rising demand and falling wind generation
In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023