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Daily (17.07.2024) European spot electricity prices surged due to decreased wind energy generation.
Oil prices continued to decline on Tuesday, weak economic signals from China, the world's largest crude oil importer. Consequently, Brent crude decreased by just over 1.3% to end at $83.73 a barrel, while WTI crude fell by 1.4% to settle at $80.76 a barrel.
read more... 17/07/2024
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Greece to impose windfall levy on power producers in August, Sept
Greece will impose a one-off windfall tax on its power producers over the next two months and use the proceeds to help subsidise power bills for households already strained by a cost-of-living crisis, Prime Minister Kyriakos Mitsotakis said late on Tuesday.
read more... 17/07/2024
Serbia signs MoU to develop domestic nuclear industry
Serbia’s Minister of Mining and Energy, representatives of five other ministries, and 20 academic faculties, energy companies and scientific institutes have signed a memorandum of understanding (MOU) on the development of nuclear energy in Serbia.
read more... 17/07/2024
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EU in “robust” shape to hit 90% winter gas storage aim
Storage levels at the beginning of this month in the bloc stood 16% above the five-year average, it added in its latest quarterly gas market report.
read more... 17/07/2024
Daily (16.07.2024): Oil prices dropped as China's economic struggles overshadowed increased shipping costs from Houthi attacks in the Red Sea
Oil prices decreased on Monday, influenced by China’s underperforming economy despite the Houthis attacks in the red sea causing higher shipping costs. As a result, Brent crude decreased by just over 0.2% to end at $84.85 a barrel, while WTI crude fell by approximately 0.4% setting at $81.91 a barrel.
read more... 16/07/2024