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Daily (14.05.2018): German year-ahead power price hit a new record on Friday due to bullish coal, gas and carbon markets
Oil prices declined on Friday, retreating after previous gains as U.S. allies are likely to insist in preserving an agreement with Iran, which could maintain country's crude exports on global markets. Brent crude was 35 cents, or 0.5% down at $77.12 a barrel. WTI futures lost 1% to close at $70.70 a barrel.
read more... 14/05/2018
Daily (01.05.2018): German year-ahead power price rose by 1.3% to new peak on Monday due to higher coal prices
Oil prices surged on Monday, recovering after early losses as Israeli Prime Minister Benjamin Netanyahu announced that Iran lied about its nuclear capabilities. Brent crude gained 53 cents, or 0.7%, to close at $75.17 a barrel. WTI futures added 0.47 cents, or 0.7%, to settle at $68.57 a barrel.
read more... 01/05/2018
Finland plans to completely phase out coal by 2029
Finland’s environment minister declared the country would prohibit the use of coal in energy production in 2029. The Finnish government is also looking for a large-scale subsidy programme that will reward energy companies for abandoning fossil fuel before the expected time frame, as stated by EURACTIV.
read more... 30/04/2018
Daily (27.04.2018): German year-ahead power price rose by 1.7% on Thursday backed by gains in related coal and carbon markets
Oil prices rose on Thursday, as United States are likely to re-introduce sanctions against Iran. Markets were also backed by a decline in Venezuela oil output and ongoing strong demand. Brent crude added $0.74, or 1%, to end at $74.74 a barrel. WTI futures closed 0.2% higher at $68.19 a barrel.
read more... 27/04/2018
Britain: Three days without coal in power generation
Coal neglected for three days in a row while generating electricity in Britain.
read more... 25/04/2018