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Daily (14.11.2023): European spot electricity prices plummeted by 32% on Monday amid soaring wind output
Oil prices climbed on Monday, propelled by the publication of OPEC+'s monthly report aimed at mitigating "exaggerated negative sentiments" regarding the global oil demand outlook. As a result, both contracts rose by about 1.4%. Brent crude settled at $82.52 per barrel, while WTI crude ended at $78.26 per barrel.
read more... 14/11/2023
Daily (13.11.2023): Oil prices extended gains on Friday amid concerns of Middle East tensions and anticipation of OPEC production cut extension
On Friday, oil prices experienced a notable upswing as investors took precautionary measures leading into the weekend, driven by uncertainties surrounding the Middle East conflict and the market's expectation of an extended OPEC+ production cut. Consequently, Brent crude settled at $81.43 a barrel, while WTI crude closed at $77.17 a barrel, both contracts climbing by about 2%.
read more... 13/11/2023
Daily (10.11.2023): EUAs notched their largest daily increase in over a month on Thursday amid bullish technical indicators
Oil prices recovered slightly on Thursday after falling to their lowest levels since July the previous day, with the market betting on an extension of OPEC+ cuts. Hence, Brent crude settled at $80.01 a barrel, while WTI crude closed at $75.74 a barrel, both contracts edging about 0.5% higher.
read more... 10/11/2023
Daily (08.11.2023): European carbon prices hit their lowest level in over a year due to substantial selling pressure
On Tuesday, oil prices extended their losses, primarily due to a negative indicator regarding Chinese exports. This development failed to inspire optimism among investors concerning the growth of the world's largest crude importer, China. As a result, both contracts plunged by over 4%. Brent crude settled at $81.61 per barrel, while WTI crude ended at $77.37 per barrel.
read more... 08/11/2023
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Czechia progresses on new nuclear unit as three companies bid for contracts
The construction of a new nuclear power unit has moved forward with binding bids accepted from US-Canadian Westinghouse, France’s EDF and the Korean company KHNP, announced ČEZ’s Director of New Energy Division Tomáš Pleskač.
read more... 01/11/2023