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Daily (31.05.2021): French and German spot power prices tumbled by around 23% on Friday driven by expectations on surging renewable output
Oil prices diverged on Friday as the Iranian supply concerns and Asian pandemic situation put pressure on WTI crude price. As such, it fell by 0.8% to end at $66.32 a barrel. In contrast, Brent crude settled slightly higher on Friday at $69.63 a barrel amid improving demand outlook and strong economic data.
read more... 31/05/2021
Polish solar output reaches record high
Solar power generation surpassed 3.4GW over 13:00-14:00 local time today, according to preliminary figures published by grid operator PSE, up from the previous record of 3.3GW yesterday. Wind power generation rose to around 7GW at 13:00-14:00 today, accounting for about one-third of Polish demand, PSE data show.
read more... 12/05/2021
Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021
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OPEC+ sticks to plan to ease crude oil output cuts from May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, Brazil and Japan.
read more... 28/04/2021
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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021