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Gas discovery off Cyprus by Eni and Total gives Europe more options
A consortium of Italy’s Eni and France’s TotalEnergies has found more natural gas off Cyprus, boosting Europe’s hopes for a clean break from Russian gas.
read more... 22/12/2022
Daily (22.12.2022): German front-year power price hit a six-month low on Wednesday amid milder weather, bearish gas
Crude oil prices rebounded on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were limited by a snowstorm that is expected to disrupt travel in the United States. Hence, Brent crude rose by $2.21, or 2.76%, to settle at $82.20 a barrel, while U.S. West Texas Intermediate (WTI) crude increased by $2.06, or 2.7%, to end at $78.29.
read more... 22/12/2022
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Nordic region could be power importer by 2025
The Nordic region’s shrinking power surplus means it could switch from being a net exporter to a net importer between 2025-2027 in certain weather conditions, said Swedish TSO Svenska Kraftnat (SvK).
read more... 22/12/2022
Daily (21.12.2022): Carbon prices surpassed the 90 EUR/tonne threshold on Tuesday amid steady buying in thin trade
Crude oil prices increased modestly on Tuesday, spurred by a softer dollar and a U.S. plan to restock petroleum reserves. However, gains were capped by uncertainty over the impact of rising COVID-19 cases China. Brent crude added 0.2%, to settle at $79.99 per barrel. Meanwhile, U.S. WTI crude rose by 1.4% to $76.23 per barrel.
read more... 21/12/2022
Brussels approves German state takeover of gas giant Uniper
The European Commission on Tuesday (20 December) conditionally approved the nationalisation of troubled German gas giant Uniper after it was pushed to the brink of collapse following Russia’s invasion of Ukraine.
read more... 21/12/2022