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GERMAN – Curve tumbles up to EUR 5 with gas fall
German curve power contracts fell up to EUR 5 on Thursday pressured by falling gas prices as liquidity waned, with some anticipating volatility would dominate in the sessions ahead.
read more... 15/04/2022
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Swiss power demand rises 4.3% in 2021 amid recovery
Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its economic recovery after the previous year’s coronavirus lockdown, said the country’s energy ministry on Thursday.
read more... 15/04/2022
Daily (14.04.2022): British gas prices moved upwards on Wednesday amid Putin declarations that negotiations with Ukraine had reached an impasse
Crude oil prices extended their rally on Wednesday after Russian president Vladimir Putin said his country’s invasion of Ukraine was “going to plan”, raising the spectre of supply disruptions from the world’s number two exporter. Hence, Brent crude soared by $4.1, or 4%, to settle at $108.78 a barrel. U.S. WTI crude futures ended up $3.6, or 3.7%, to $104.25.
read more... 14/04/2022
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High gas prices deter Italian storage injections – analysts
Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian sites and delaying the replenishment of inventories, analysts told Montel this week.
read more... 14/04/2022
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German economic institutes see sharp recession if Russian gas cut off
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.
read more... 14/04/2022