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Daily (05.01.2022): Brent crude back at $80 a barrel as OPEC agreed to stick with its planned output hike for February
Oil prices continued to add ground on Tuesday after OPEC+ group agreed yesterday to increase output by 400, 000 barrels per day in February as originally planned. The move provides some comfort to the market as it signals that they are confident with the demand outlook in the coming months. Hence, Brent crude increased by 1.3% to settle at $80.00 a barrel, the highest level since late November. U.S. WTI crude rose by 1.2%, to $76.99 a barrel.
read more... 05/01/2022
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5.3GW of German solar installed in 2021
A total output of 5300MW of solar power systems were installed in Germany last year, according to the preliminary results of the German Solar Industry Association (BSW).
read more... 04/01/2022
Daily (31.12.2021): The German spot power price fell dramatically amid strong wind output
Crude oil prices edged slightly higher on Thursday ahead of OPEC+ meeting next week, on expectations for strong fuel demand despite soaring Omicron coronavirus infections. Hence, Brent crude closed higher at $79.32 a barrel, while the American WTI crude rose by 0.6% to settle at $76.99 a barrel.
read more... 31/12/2021
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European wind power set for record Q4 as stormy year-end offsets pre-Christmas lull
Wind power generation across Europe was set for a record fourth quarter with a stormy end to 2021 helping to offset a lull before Christmas, with Week 51 wind output at a six-week low, TSO data analyzed by S&P Global Platts showed Dec. 29.
read more... 30/12/2021
Daily (21.12.2021): European spot electricity prices skyrocketed on Monday amid cold weather, weak renewable output
Crude oil prices opened the week bearishly amid new lockdown measures taken by several countries to battle the Omicron mutation. Hence, Brent crude shed by 2.7% to settle at $71.52 a barrel. U.S. WTI crude droped by 2.7% to close at $68.61 a barrel.
read more... 21/12/2021