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Daily (13.04.2021): British gas prices rose on Monday amid cold weather, tight supply and bullish energy complex
Oil prices continued to fluctuate in a narrow range on Monday, spurred by signs that demand is recovering in key markets like India and the United States. Moreover, reports that Yemen's Iran-backed Houthi rebels attacked a Saudi oil facility, lifted tensions in the oil-rich Middle East. Hence, Brent crude added 0.5% to settle at $63.28 a barrel. U.S. WTI crude rose by 0.6% to end at $ 59.70 a barrel.
read more... 13/04/2021
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France turns net power importer on higher demand, lower nuclear output
France was a net importer of power in Week 14 (April 5-11) as cold temperatures saw power demand rise sharply after the Easter weekend, while a combination of planned and forced outages in EDF's nuclear fleet saw its generation at a six-month low.
read more... 13/04/2021
UK saw the ‘fifth largest’ fall in electricity sector carbon emissions since the start of lockdown
Energy-related emissions in the UK fell by 8%, the fifth largest drop, among the ten largest European economies since the start of national lockdowns.
read more... 13/04/2021
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Russia Tightens Its Grip On Europe's Natural Gas Markets
A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the Russian Federation. Current relations are the worst since the end of the Cold War. Despite the often rocky interaction, the European and Russian economies are highly complementary. This has led to a level of dependence that has become a problem for certain countries.
read more... 13/04/2021
Daily (12.04.2021): NBP spot lost 3% on Friday, weighed by a healthy system
Crude oil prices weakened on Friday, weighed by a possible increase in Iranian production and coronavirus concerns. Consequently, Brent oil edged 0.4% lower at $62.95 a barrel and WTI crude slipped by 0.5% to $59.32 a barrel.
read more... 12/04/2021