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Daily (14.03.2023): Oil prices fell by about 2% on Monday amid bank collapse jitters
Crude oil prices decreased on Monday following last week’s bank collapse in the US, which caused an overall sentiment of concern on the global financial markets. Hence, Brent crude declined by $2.01, or 2.4%, to $80.77 per barrel. Meanwhile, WTI crude dropped by $1.88, or 2.5%, to settle at $74.80 per barrel.
read more... 14/03/2023
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EU to revamp power market, aiming to blunt price spikes
The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.
read more... 14/03/2023
Volkswagen to invest $193 bln over 5 years to hit EV target
Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday, with spending on combustion engines to fall from 2025.
read more... 14/03/2023
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Finland to install over 3GW of wind capacity in 2023-24
Finland is expected to install 3.25GW of new wind capacity in 2023-24, with French developer Neoen providing the largest share of new capacity this year and Finnish firm OX2 leading the way in 2024, data compiled by Argus show.
read more... 14/03/2023
Daily (13.03.2023): Forward electricity prices increased sharply on Friday amid escalated concerns over the nuclear availability in France
Oil prices rose on Friday on the back of a better-than-expected U.S. employment indicator that suggested less severe than expected monetary tightening. As a result, Brent crude ended 1.5% higher at $82.78 a barrel.
read more... 13/03/2023