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Daily (23.02.2023): Oil prices extended their losses on Wednesday, dragged down by fears of a slowdown in the global economy
On Wednesday, concerns about global growth escalated due to expectations of more aggressive interest rate increases by central banks, which have put further pressure on crude oil prices leading to a two-week low. As a result, Brent crude oil dropped by 3%, to settle at $80.60 per barrel.
read more... 23/02/2023
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Healthy gas storage warms Europe, but not enough
As Europe emerges from a mild winter with gas storage close to record levels, it must brace for another costly race to replenish its reserves on the international market.
read more... 23/02/2023
Germany on collision course with France, Spain over EU power market reform
Three weeks before the European Commission tables its proposal to reform the EU’s electricity market, Germany’s position on the issue is still being fleshed out but initial signs already point to a looming clash with pro-reform countries like France and Spain.
read more... 23/02/2023
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How to fix an electricity market that isn’t broken
Europe is trying to answer a tricky question: how do you fix something which isn’t broken? Its electricity market is, in fact, working perfectly, but in doing so, has inflicted insufferably high prices on EU consumers.
read more... 23/02/2023
Daily (22.02.2023): EUAs expiring in Dec23 surpassed 100 €/tonne on Tuesday for the first time in the 18-year history of the European market
Oil prices fell on Tuesday, amid concerns about the global economy and prospects of another US interest rate hike. As a result, Brent crude oil declined by 1.3% day-on-day to settle at $83.05 a barrel.
read more... 22/02/2023