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Daily (31.08.2023): Carbon prices added almost 2% gain on stronger Polish auction
Crude oil prices had another daily rise on Wednesday driven by supply tightening concerns, as OPEC members need to decide on further potential output cuts in September. Hence, Brent crude rose by 0.4% to settle at $85.86 a barrel.
read more... 31/08/2023
EC to hold pilot hydrogen auction in Nov to boost renewables
The European Commission will hold a pilot auction to subsidise renewable hydrogen production on 23 November with the aim of scaling up clean energy deployment and reducing dependence on Russian fossil fuels, it said on Wednesday.
read more... 31/08/2023
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France may split from EU on power market reform
France will reform its power market to protect domestic companies from price volatility on a national level if it cannot achieve its aims in the EU discussions, the country’s energy minister said on Tuesday.
read more... 31/08/2023
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Risk of EU gas price “surges” remain this winter
The recent rise in European gas prices due to the threat of curtailed Australian LNG supplies show the risk of price “surges” remain as winter approaches, think tank Ember said on Wednesday.
read more... 31/08/2023
Daily (30.08.2023): Crude oil prices rose by over 1% on Tuesday amid weaker dollar and concerns over energy supply
On Tuesday, crude oil prices moved upwards on weaker dollar and worries about the possible effects on energy supply and demand due to Hurricane Idalia, which is expected to hit Florida this week. Hence, Brent crude and WTI crude edged 1.3% higher to settle at $85.49 a barrel and $81.16 a barrel, respectively.
read more... 30/08/2023