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Daily (06.04.2023): European carbon prices hit a new three-week high on Wednesday, boosted by compliance and fund buying
Oil prices ended almost flat for the second session in a row, still caught by concerns about a possible seizure of the global economy. As a result, Brent crude ended at $84.99 a barrel, while WTI crude steadied at $80.61 on Wednesday.
read more... 06/04/2023
Brussels eyes grid flexibility to reduce reliance on pricey fossil fuels
The European Commission is proposing new measures to help the EU power grid adapt to changes in demand, aiming to reduce reliance on pricey fossil fuels and enable more renewables to come online.
read more... 06/04/2023
Energy firms bet big on German port as clean energy hub
Germany's only deep water port, home to its largest naval base, is where energy firms now plan to spend more than $5.5 billion to help construct the clean energy infrastructure the country needs to help end its reliance on Russian gas.
read more... 06/04/2023
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Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023