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Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023
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EU launches LNG benchmark in attempt to tame price spikes
European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas.
read more... 05/04/2023
Commission greenlights Italian €450 million green hydrogen scheme
The European Commission has given Italy the green light to set up a €450 million project to support integrated hydrogen and renewable energy production in brownfield sites.
read more... 05/04/2023
Czechia replaces Russian nuclear fuel imports with US imports
The US company Westinghouse will supply both Czech nuclear plants with fuel, so the country can quit importing Russian nuclear fuel until the end of 2023.
read more... 05/04/2023
Daily (04.04.2023): The energy complex in a strong bullish mood on Monday
Crude oil prices increased on Monday on expectations that China would take steps to boost economic growth. At the same time, the OPEC+ group's unexpected announcement of additional production cuts lent further support. Thus, both Brent and WTI crude soared by over 6%, to settle at $84.93 and $80.42 a barrel respectively.
read more... 04/04/2023