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Daily (30.08.2022): The power prices for delivery in 2023 fell in France and Germany due to high gas storage levels ahead of winter
Crude oil prices extended gains on Monday amid potential OPEC+ output cuts and conflict in Libya. Brent crude soared by 4.1% to settle at $105.09 a barrel. U.S. WTI crude increased by 4.2%, to close at $ 97.01 a barrel.
read more... 30/08/2022
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Berlin, Brussels join calls for ‘fundamental reform’ of EU power market
The German government on Friday (26 August) said it was looking at decoupling gas and electricity markets as a way to curb rising power prices in Europe, a call later joined on Sunday by Brussels and Vienna.
read more... 30/08/2022
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Austria backs EU cap to end 'madness' of runaway power prices
Austrian Chancellor Karl Nehammer backs a European Union-wide cap on runaway electricity prices, he said in a statement issued by his office on Sunday.
read more... 30/08/2022
France to keep curbing hikes in households' energy costs
The French government plans to continue to work to curtail the effect of rising energy prices on households next year, Prime Minister Elisabeth Borne said in remarks published on Saturday.
read more... 30/08/2022
Daily (29.08.2022): German and French power contracts hit new records!
U.S. Federal Reserve's warnings about imminent economic hardship and Saudi Arabia's signals that OPEC will restrict output supported oil prices. As a result, Brent crude oil increased by 1.7% to reach $100.99 a barrel in a volatile trading on Friday, while WTI rose by 0.6% to reach $93.06 a barrel.
read more... 29/08/2022