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Daily (22.03.2023): Spot electricity prices in Europe tumbled on Tuesday, driven by surging wind output and weak demand
Oil prices continued to gain ground on Tuesday, supported by a return of risk appetite amid easing concerns about turmoil in the banking sector. Thus, Brent crude rose by 2% to $75.32 a barrel.
read more... 22/03/2023
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EU proposes extending energy crisis measure to curb gas demand
The European Commission on Monday proposed extending for a year an emergency measure to curb gas demand that is set to expire in order to help the continent get through next winter.
read more... 21/03/2023
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
Daily (08.03.2023): Ongoing strikes in France lifted the French forward power prices by over 4.4%
Oil prices lost momentum on Tuesday as the Chinese National People’s Congress estimate a lower-than-expected GDP growth target of around 5%, hence this could cause a fall in oil demand. A rise in US oil output also weighed on prices. Hence, Brent crude fell by 3.4% to settle at $83.29 a barrel.
read more... 08/03/2023
Daily (03.03.2023): Forward electricity prices were bearish on Thursday tracking lower gas and carbon prices
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023