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Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
Spanish power companies to denounce ‘discriminatory’ windfall tax
The multi-billion-euro windfall tax for energy firms to offset the toll of inflation on vulnerable consumers approved last year by Madrid will be denounced by the association of large Spanish power companies (Aelec) before the European Commission.
read more... 21/02/2023
Borrell: New EU sanctions against Russia before Feb 24
European Union High Representative for Foreign Affairs Josep Borrell stated on Monday that the 10th sanctions package against Russia is expected to be adopted by the EU before the end of the week, which also marks the anniversary of the onset of the Ukrainian conflict.
read more... 21/02/2023
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No electricity market reform ahead of EU elections, Berlin insists
While Brussels works on its reform of the EU’s electricity market, with backing from the likes of France and Spain, Germany is pushing to delay the overhaul until after the 2024 EU elections.
read more... 21/02/2023
Daily (20.02.2023): Oil prices continued their bearish evolution on Friday, despite forecasts of rising Chinese demand
Oil prices continued their bearish trend on Friday, despite forecasts of rising Chinese demand, as oil producers are expected to maintain current volumes of crude exports and OPEC+ agreement will continue until the end of the year. Thus, Brent crude oil posted a 2.5% day-on-day loss to settle at $83.00 a barrel.
read more... 20/02/2023