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Daily (06.04.2019): Brent crude jumped by nearly 14% on Friday, on hopes for new output cuts by world oil leaders
Crude oil prices rebounded on Friday, marking the first weekly rise in more than a month, after OPEC leader, Saudi Arabia, announced the willingness to have an emergency meeting to potentially cut oil supplies and solve the oil price war. Consequently, Brent crude for June delivery traded 13.9% higher at $34.11 a barrel. Similarly, WTI futures spiked by 11.9% to $28.34 a barrel.
read more... 06/04/2020
Innogy commits to 342MW Kaskasi
Innogy has given the go-ahead to its third German offshore wind farm having taken a final investment decision (FID) for the construction of the 342MW Kaskasi project in the North Sea.
read more... 06/04/2020
German hourly power drops to minus 50.26 euros per MWh for Sunday
German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth consecutive Sunday amid low demand and high renewables feed-in.
read more... 06/04/2020
GAS – Spot contracts slump to fresh multi-year lows
Spot gas contracts on the Dutch TTF and the UK’s NBP hit fresh multi-year lows on Friday as mild temperatures and ample supply exacerbated by the coronavirus crisis weighed on the market.
read more... 06/04/2020
Hungarian minister highlights importance of nuclear energy
The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.
read more... 03/04/2020