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Daily (24.08.2021): Crude oil prices rebounded on Monday due to a weaker dollar
Oil prices strongly rebounded on Monday amid signs of improving situation in China. In addition, a weaker American dollar also provided some support to the crude markets. Despite demand concerns due to rising cases of the Delta variant, Brent oil soared by 5.5% to settle at $68.75 a barrel. The American WTI crude gained 5.6% at $65.64 a barrel.
read more... 24/08/2021
Daily (20.08.2021): The German and French spot power prices traded above 100 EUR/MWh due to forecasts for weaker wind generation
Concerns about demand due to the global spread of the Delta variant and a stronger dollar sent crude oil prices to their lowest levels since May. The Federal Reserve’s plans to pull back the pace of their monthly bond purchases strengthened the greenback, pressuring commodities markets on Thursday. As such, Brent oil tumbled by $1.78 or 2.6% to settle at $66.45 a barrel. The American WTI crude dropped by $1.77 or 2.7% to end at $63.69 a barrel.
read more... 20/08/2021
EU wind, solar peak at 123 GW helping to ease record spot power prices
Wind and solar power generation across EU markets peaked at 123 GW Aug. 17 amid a spell in wind that helped ease record spot power prices, grid operator data aggregated by WindEurope show.
read more... 19/08/2021
Daily (17.08.2021): EUAs strongly rebounded on Monday amid a bullish energy complex
Crude oil prices eased on Monday after data showed Chinese factory output and retail sales growth slowed sharply in July due to new restrictions. However, sources said that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months, limiting losses. As such, Brent crude fell by 1.7% to settle at $67.29 a barrel. At the same time, the American WTI lost 1.6% at $69.51 a barrel.
read more... 17/08/2021
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Spain says EU rejects request to change power pricing mechanism
The European Commission has rejected a Spanish request to change the rules that underpin member states' electricity markets as power prices in the country hit record highs, Spain's Energy and Environment Minister Teresa Ribera said on Thursday.
read more... 13/08/2021