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Daily (22.09.2021): British gas prices retreated on Tuesday amid low demand from power sector, weaker EUAs
Oil prices settled modestly higher on Tuesday, supported by a lower U.S. Dollar Index and expectations for a weekly drop in U.S. crude inventories, a day after a broad selloff attributed to jitters about the impact of a default by Chinese property giant Evergrande. However, the pessimistic growth forecasts from the Organization for Economic Cooperation and Development (OECD) limited the gains. Hence, Brent crude rose by 0.6% to $74.36 a barrel. U.S. WTI crude added 0.3% to end at $70.49 a barrel.
read more... 22/09/2021
Spain wants EU ‘menu’ of measures to combat power price surges
Spain urged the European Commission on Monday (20 September) to devise guidance to help member states react consistently to power price spikes without testing the rules of the bloc, and suggested moves to limit carbon market speculators and build up gas reserves.
read more... 22/09/2021
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Renewables giant Ørsted reveals multibillion-pound plans for Scotland
Orsted plans to invest £12bn in Scotland if it is successful with all five of its bids in the ScotWind offshore wind auction.
read more... 22/09/2021
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Siemens Energy and Sumitomo chosen for interconnector project
The Greenlink interconnector is designed to make both countries' power supplies more secure and make their grids more stable.
read more... 22/09/2021
Daily (21.09.2021): European power curve surged on Monday as gas rally shows no let-up
Crude oil prices retreated on Monday amid concerns over slowing economic growth in China, highlighted by a debt crisis faced by property developer Evergrande. Moreover, investors grew more risk averse, which hurt stock markets and spurred the U.S. dollar, making oil more expensive for holders of other currencies. Hence, Brent crude fell by $1.42, or 1.9%, to settle at $73.92 a barrel. U.S. WTI crude declined by $1.68, or 2.3%, to end at $70.29 a barrel.
read more... 21/09/2021