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Daily (22.11.2023): European carbon prices plummeted to a one-year-low amid weak auction and a bearish gas market
Oil prices changed slightly on Tuesday, reflecting a cautious market stance in anticipation of a weekend shortened by the Thanksgiving public holiday. The market is also marked by the highly awaited OPEC+ meeting scheduled for Sunday. Consequently, Brent crude ended at $82.45 per barrel, while WTI crude ended at $77.77 per barrel.
read more... 22/11/2023
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German hard coal importers want extended run times for reserve plants
Germany's hard coal importers want the Berlin government to prolong the operation of hard coal-to-power generation plants enlisted in last year's energy crisis beyond the targeted end of March 2024, the VDKi lobby said on Tuesday.
read more... 22/11/2023
Portugal urged to reduce energy support measures
Portugal must reduce energy support measures as soon as possible this year and next, according to a European Commission report published on Tuesday, highlighting Portugal’s limited progress in implementing the Commission’s budgetary recommendation.
read more... 22/11/2023
North Sea nations agree to auction 15 GW/year offshore wind
Ministers of nine northwestern EU countries have agreed to commit to a combined annual offshore wind capacity auction of 15 GW to improve planning and coordination, they said after a joint meeting on Monday.
read more... 22/11/2023
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Daily (21.11.2023): European spot electricity prices surged by over 30% on Monday amid weaker wind, reduced nuclear availability, and a rising demand
Oil prices rallied further on Monday amid speculations that OPEC+ is considering deeper cuts at the 26 November meeting in Vienna. Consequently, Brent crude settled at $82.32 per barrel, up by 2% day-on-day. WTI crude climbed by 2.6% to end at $77.83 per barrel.
read more... 21/11/2023