Latest news
Daily (31.05.2024): French-German spot power spread hit an 18-year peak on Thursday due to rising hydropower and nuclear production in France
Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
Daily (31.05.2024): French-German spot power spread hit an 18-year peak on Thursday due to rising hydropower and nuclear production in France
Oil prices significantly declined on Thursday as the market disregarded the potential extension of OPEC+ production cuts in 2025, due to abundant supply. The increase in gasoline inventories, now around 6% higher than at the same time last year, along with a rise in distillate products, further supported the notion of a plentiful supply. Consequently, Brent declined by over 2% to close at $81.86 a barrel, while WTI Crude lost 1.7% to end at $77.91.
read more... 31/05/2024
.jpg)
Germany to scrap gas storage tariff for neighbours after backlash
Germany plans to abolish next year a gas storage tariff it charges neighbours for buying gas from its reserves, an economy ministry official said on Thursday, following complaints from the neighbouring countries.
read more... 31/05/2024
Central European countries amp up pressure on EU over German gas tariff
Four central European countries have stepped up pressure on Brussels to act against Germany over a gas tariff they say undermines their energy security, a document seen by Reuters showed.
read more... 30/05/2024
Daily (29.05.2024): Gas and power prices lost ground on Tuesday amid profit-taking and steady flows
Oil prices extended their gains on Tuesday as investors anticipated an extension of production cuts at the upcoming OPEC+ meeting. Escalating geopolitical tensions further supported prices. Hence, Brent crude settled at $84.22 per barrel, while WTI Crude stood at $79.83 per barrel, with both contracts rising by 1.4% day-on-day.
read more... 29/05/2024