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Daily (17.12.2021): European front-year electricity prices skyrocketed on Thursday amid French nuclear concerns
Crude oil prices extended gains on Thursday after the U.S. reported its biggest drop in crude inventories since September. Furthermore, a weaker Dollar also lent support to prices. Hence, Brent crude rose by $1.14, or 1.5%, to settle at $75.02 per barrel. U.S. WTI crude increased by $1.51, or 2.13%, to settle at $72.38 per barrel.
read more... 17/12/2021
Spain to extend energy bill tax cuts until May 2022
Spain will extend a tax cut on electricity bills until May 1, 2022 in a bid to help consumers cope with rising energy prices, Budget minister Maria Jesus Montero said on Wednesday.
read more... 17/12/2021
Bulgaria's parliament freezes power prices for households
Bulgaria's lawmakers voted on Wednesday to shield households from surging energy costs by freezing their electricity and heating prices at current levels in the European Union's poorest state, a move slammed by power distribution companies.
read more... 16/12/2021
Daily (14.12.2021): European electricity prices hit new record-highs on Monday amid cold weather forecasts, bullish sentiment across gas market
Crude oil prices lost ground on Monday as doubts about the effectiveness of vaccines against the Omicron variant counterbalanced a bullish forecast for oil demand in the first quarter by OPEC. Hence, Brent crude fell by 76 cents, or 1.0%, to settle at $74.39 a barrel. U.S. WTI crude dropped by 38 cents, or 0.5%, to settle at $71.29 a barrel.
read more... 14/12/2021
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Nuclear exit to unleash wind power in Northern Germany
The shutdown of the last nuclear power plant in Schleswig-Holstein will unclog the electricity grid and unleash wind power in the northern German state, according to its environment minister Jan Philipp Albrecht, reports Clean Energy Wire.
read more... 13/12/2021