Latest news
UK electricity balancing costs surge to GBP200 million in November
UK system balancing costs rose 33% on month in November as constraint costs ballooned, National Grid data showed Dec. 15.
read more... 16/12/2020
German gas burn running at record high
Strong demand for fossil fuel burn from the power sector this month, given below-average wind levels and colder weather, lifted generation from gas-fired plants to the highest monthly level on record.
read more... 16/12/2020
Belarus suspends Klaipeda oil product exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
read more... 16/12/2020
Balticconnector gas capacity to be reviewed weekly
The Latvian, Estonian and Finnish system operators have jointly agreed a mechanism to optimise entry capacity to Finland from the Balticonnector gas pipeline on a weekly basis.
read more... 15/12/2020
Daily (15.12.2020): Oil prices hit their highest levels in nine-months on Monday amid vaccine rollout
Crude oil futures gained ground on Monday despite OPEC cutting its forecast for 2021 growth in oil demand, with traders focusing over the start of the coronavirus vaccine campaign in the United States. Hence, Brent crude for February delivery rose by 32 cents, or 0.6%, to settle at $50.29 a barrel. Meanwhile, U.S. WTI crude for January delivery increased by 42 cents, or 0.9%, to end at $46.99 a barrel. Both contracts climbed to their highest level in nine months.
read more... 15/12/2020