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Daily (03.12.2024) : British gas prices rose on Monday amid supply concerns
Oil prices diverged on Monday, as the market remains uncertain amid concerns over potential increases in OPEC+ production and optimism stemming from positive Chinese economic data. Brent crude declined by 1.5%, settling at $72.94 per barrel. Meanwhile, WTI crude saw a slight 0.2% increase, closing at $68.10 per barrel.
read more... 03/12/2024
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France: energy suppliers’ demand for Arenh nuclear electricity in 2025 exceeds the quota again
The demand for low-cost nuclear electricity offered by EDF through the Arenh mechanism (Regulated Access to Historic Nuclear Electricity) continues to exceed the regulatory caps. The Commission de régulation de l’énergie (CRE) revealed that alternative suppliers requested a total of 134.93 terawatt-hours (TWh) for 2025. This figure represents an allocation rate of 74.12%, meaning that not all requests will be met.
read more... 03/12/2024
Newcleo submits SMR design for UK assessment
France-headquartered innovative reactor developer Newcleo has submitted an application to the UK Department of Energy Security and Net Zero for approval to enter the Generic Design Assessment for its LFR-AS-200 small modular lead-cooled fast reactor.
read more... 03/12/2024
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OPEC+ Prepares for Three-Month Extension of Cuts
OPEC+ is discussing an extension of its production cuts until the end of the first quarter of 2025, Reuters has reported, citing unnamed sources from the group.
read more... 03/12/2024
Daily (02.12.2024): Oil prices fell on Friday, pressured by the delay of the OPEC+ semi-annual meeting
Oil prices declined on Friday, weighed down by the postponement of the OPEC+ semi-annual meeting, signalling potential internal disagreements. Brent crude settled 0.5% lower at $72.94 per barrel, while WTI crude ended the day at $68 per barrel,with a drop of 1.6%.
read more... 02/12/2024