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Daily (18.03.2024): Gas prices rose sharply on Friday, boosted by LNG supply concerns due to rising Asian demand
Oil prices retreated slightly on Friday as investors took profits after prices hit a four-month high on Thursday. Hence, the Brent crude oil stabilized at $85.34 a barrel, while WTI crude stood at slightly above $81 a barrel.
read more... 18/03/2024
Norway holds inaugural offshore wind auction amid uncertainty over bids
Norway holds its first auction on Monday for the right to build a commercial offshore wind farm, offering up to 1.5 gigawatt (GW) of capacity, although interest has ebbed amid high project costs and there is still a risk of no bids being made.
read more... 18/03/2024
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Austria brings in onshore wind reforms
The Austrian Government has introduced market premium regulation for onshore wind.
read more... 18/03/2024
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Poland to spend $16 billion on power grid by 2034
Poland's power grid operator PSE plans to spend 64 billion zloty ($16 billion) by 2034 to build new high-voltage power lines and connect planned renewable and nuclear capacity, as part of the country's drive to wean itself off coal.
read more... 18/03/2024
Daily (15.03.2024): Oil prices rose to four-month highs on Thursday amid supply shortage worries
Oil prices increased by about 2% on Thursday, hitting their highest level in four months, boosted by new forecasts from the International Energy Agency (IEA) warning of potential supply shortages until year-end. The EIA report also revealed a notable 5.7-million-barrel decrease in gasoline stocks, the steepest decline since early November. Thus, the Brent crude oil stood at $85.42 a barrel, while WTI crude settled at $81.26 a barrel.
read more... 15/03/2024